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Luminar Shareholder Notice

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Luminar To Contact Him Directly To Discuss Their Options

New York, New York--(Newsfile Corp. - March 24, 2023) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Luminar Technologies, Inc. ("Luminar" or the "Company") LAZR.

If you suffered losses exceeding $50,000 investing in Luminar stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/LAZR.

There is no cost or obligation to you.

Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.

Media sources reported on or around March 17, 2023, that Lidwave, a semiconductor developer, had accused Luminar of trying to pass off a Lidwave chip as its technology. This came after Luminar displayed an image of the processor at an investor conference and on its website. As a result, Lidwave threatened Luminar with legal action, prompting the latter to remove the disputed images from its investor presentation and website. Following this news, Luminar's stock price dropped by $0.68 per share or 8.02% to close at $7.80 per share on March 20, 2023.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/159627