Luminar Media Group Raises Over $3 Million in Oversubscribed First-Ever Private Placement - Surpassing Target by 6×

Core Insights - Luminar Media Group, Inc. has successfully completed its inaugural friends-and-family convertible note offering, which was oversubscribed with total commitments of $3,163,000, exceeding the initial target by more than six times [1] Company Performance - The oversubscription of the convertible note offering indicates strong investor confidence in Luminar's growth trajectory and strategic initiatives [1]