Luminar to debut as a public company

Luminar Technologies Inc. is set to make its debut as a public company on Thursday after its merger with Beverly Hills-based Gores Metropoulos was approved.

The merger previously got the green light from the boards of both Luminar and Gores Metropoulos (Nasdaq: GMHI), and Gores Metropoulos stockholders approved the deal during a Dec. 1 meeting. As a result, the Palo Alto company that employs 250 people at an Orlando design and manufacturing facility is slated to get $406 million in cash from the “blank check” company and another $184 million from existing investors, who include venture capitalist Peter Thiel, Volvo and GoPro Inc. founder Nick Woodman. Read more here.