[March 30, 2023]

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Luminar Technologies, Inc. (LAZR) on Behalf of Investors

Law Offices of Howard G. Smith announces an investigation on behalf of Luminar Technologies, Inc. ("Luminar" or the "Company") (NASDAQ: LAZR) investors concerning the Company's possible violations of federal securities laws.

On March 17, 2023, news sources reported that Israeli startup, Lidwave, had threatened Luminar with legal action after accusing the Company of attempting to pass off a Lidwave processor as its own after Luminar showed an image of the processor at an investor conference and in materials on the Company's website. Luminar subsequenty removed the images in question from the presentation and its website.

On this news, Luminar's stock price fell $0.68, or 8%, to close at $7.80 per share on March 20, 2023, thereby injuring investors.

If you purchased Luminar securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230330005736/en/

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