SCHEDULE: Investment Group Discloses 6.1% Stake in Luminar Technologies
Beneficial Ownership Report
A group of investment entities, including Capital Ventures International and Susquehanna affiliates, has disclosed a collective beneficial ownership of 6.1% of Luminar Technologies, Inc.'s Class A Common Stock.
Summary
- A group of six affiliated investment entities, including Capital Ventures International, Susquehanna Advisors Group, Inc., G1 Execution Services, LLC, Susquehanna Fundamental Investments, LLC, Susquehanna Portfolio Strategies, LLC, and Susquehanna Securities, LLC, collectively reported beneficial ownership of 2,547,884 shares of Luminar Technologies, Inc. Class A Common Stock.
- This aggregate ownership represents 6.1% of Luminar Technologies' Class A Common Stock outstanding as of March 31, 2025, which was 40,515,215 shares.
- Susquehanna Securities, LLC's reported beneficial ownership includes options to buy 1,313,678 shares.
- The reporting persons disclaim beneficial ownership of shares directly owned by other reporting persons within the group.
- The filing states that the securities were not acquired or held for the purpose of changing or influencing the control of Luminar Technologies.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain subjective language or performance metrics that would indicate a positive or negative sentiment. It is neutral in tone.
Future Outlook
NA
Management Comments
- The securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
Industry Context
This filing indicates a significant institutional investment in Luminar Technologies, a company operating in the advanced automotive technology sector, specifically lidar. Such disclosures are common for large investment groups accumulating stakes in publicly traded companies, reflecting their investment strategies rather than broader industry trends.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Capital Ventures International granted a Limited Power of Attorney to Susquehanna Advisors Group, Inc. on December 4, 2012, authorizing it to enter into transactions and take necessary actions on behalf of Capital Ventures International. | 2012-12-04 | Streamlines investment management and SEC filing processes for Capital Ventures International by delegating authority to its investment manager. |
| Joint Filing Agreement | The reporting entities entered into a Joint Filing Agreement on July 11, 2025, to file the Schedule 13G and all future amendments collectively, in accordance with SEC Rule 13d-1(k). | 2025-07-11 | Ensures compliance with SEC regulations for group beneficial ownership reporting and simplifies the filing process for the affiliated entities. |
Related Party Transactions
- Susquehanna Advisors Group, Inc. acts as the investment manager for Capital Ventures International, exercising voting and dispositive power over shares directly owned by Capital Ventures International, as per a Limited Power of Attorney dated December 4, 2012.
- G1 Execution Services, LLC and Susquehanna Securities, LLC are identified as affiliated independent broker-dealers within the reporting group.
Stakeholder Impact
- Shareholders: The disclosure of a significant 6.1% stake by a group of investment entities may signal institutional confidence or interest in Luminar Technologies, potentially influencing investor perception and trading activity.
Key Dates
| Date | Description |
|---|---|
| 2012-12-04 | Date Capital Ventures International granted Limited Power of Attorney to Susquehanna Advisors Group, Inc. |
| 2025-03-31 | Date as of which Luminar Technologies, Inc. reported 40,515,215 Class A Common Stock shares outstanding in its Form 10-K/A. |
| 2025-04-16 | Date of event which required the filing of this Schedule 13G statement. |
| 2025-04-30 | Date Luminar Technologies, Inc. filed Amendment No. 1 to its Annual Report on Form 10-K, indicating shares outstanding. |
| 2025-07-11 | Date of signing for the Schedule 13G filing and the Joint Filing Agreement. |
Keywords
Luminar Technologies, Class A Common Stock, Beneficial Ownership, Schedule 13G, Capital Ventures International, Susquehanna Advisors Group, G1 Execution Services, Susquehanna Fundamental Investments, Susquehanna Portfolio Strategies, Susquehanna Securities, Institutional Ownership, SEC Filing, Investment Group
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