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AV Tech Firm Luminar to Go Public Via SPAC Merger

By
Ross Matican
· · Source: The Information

Autonomous vehicle technology firm Luminar plans to go public via a merger with blank-check company Gores Metropoulos. Luminar makes a spinning laser sensor called LiDAR, or light detection and ranging, which enables self-driving cars to measure how far they are from other cars and pedestrians. The Luminar deal is the latest in a spate of acquisitions by SPACs, or special purpose acquisition...

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Photo by Bloomberg.
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Amazon’s No-Fly Zone: Drone Delivery Largely Grounded Despite Splashy Launch
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Amazon in December announced with great fanfare that, after nearly a decade of work, it had finally launched drone delivery in the U.S., in two towns in California and Texas.
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