Dec. 4 at 11:34 AM
$LAZR Best case for the COMPANY would be the same way as
$DBD did. Debt converted to shares after shareholders' shares were canceled.
But after Mercedes-Benz and Volvo canceled the collaboration with Luminar, no relevant lidar business exists anymore and the costs are still extremely high. So, second case - and that is more likely - would be bankruptcy and selling of some assets like the 1550nm lasers.
In both cases shareholders would get nothing.