Gores Metropoulos, Inc. (“Gores Metropoulos”) (Nasdaq: GMHI,
GMHIU, GMHIW), a special purpose acquisition company, announced
today that Luminar Technologies (“Luminar”), with which Gores
Metropoulos has signed a definitive Merger Agreement, will be
presenting virtually at the following upcoming investor
conferences. Luminar is the global leader in automotive lidar
technology powering the introduction of highway autonomy. Upon
completion of the proposed transaction, Gores Metropoulos will
change its name to Luminar Technologies, Inc. and will be listed on
the Nasdaq under the new ticker symbol “LAZR”.
- Deutsche Bank AutoTech Conference Date: November 10,
2020 Presentation Time: 9:00 a.m. PT / 12:00 p.m. ET
- Baird Annual Global Industrial Conference Date: November
12, 2020 Presentation Time: 11:00 a.m. PT / 2:00 p.m.
ET
- Barclays Global Automotive Conference Date: November 18,
2020 Presentation Time: 12:15 a.m. PT / 3:15 p.m. ET
- Jefferies Virtual Truck Summit Date: November 23, 2020
Presentation Time: TBC
- Goldman Sachs Global Automotive Conference Date:
December 4, 2020 Presentation Time: TBC
- Macquarie Next Generation Automotive Technologies Corporate
Day (Japan) Date: December 7, 2020 (December 8, 2020 in Japan)
Presentation Time: 5:30 p.m. PT / 8:30 p.m. ET
- Barclays Global Technology Conference Date: December 9,
2020 Presentation Time: 8:30 a.m. PT / 11:30 p.m. ET
Webcast information for these events will be available in the
“investor” section of the Luminar website at
https://luminartech.com/investors.
About Luminar
Luminar is an autonomous vehicle sensor and software company
with the vision to make self-driving safe and ubiquitous by
delivering the only lidar and perception platform that meets the
industry’s stringent performance, safety, and economic
requirements. Luminar has rapidly gained 50 industry partners,
including 7 of the top 10 global automotive OEMs, and has received
minority investments from the world’s largest commercial vehicle
manufacturer, Daimler Truck AG and Volvo, a global leader in
automotive safety, to bring autonomous trucks and cars to highways,
respectively. Founded in 2012, Luminar is a 350-person team with
offices in Palo Alto, Orlando, Colorado Springs, Detroit, and
Munich.
For more information please visit www.luminartech.com.
About Gores Metropoulos, Inc.
Gores Metropoulos is a special purpose acquisition company
sponsored by an affiliate of The Gores Group, LLC, a global
investment firm founded in 1987 by Alec Gores, and by an affiliate
of Dean Metropoulos of Metropoulos & Co. Gores Metropoulos was
formed for the purpose of entering into a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses. Mr. Gores
and Mr. Metropoulos together have more than 65 years of combined
experience as entrepreneurs, operators and investors across diverse
sectors including industrials, technology, media and entertainment,
business services, healthcare and consumer products and services.
Over the course of their careers, Mr. Gores and Mr. Metropoulos and
their respective teams have invested in more than 180 portfolio
companies through varying macroeconomic environments with a
consistent, operationally-oriented investment strategy. For more
information, please visit www.gores.com
Additional Information about the Transactions and Where to
Find It
Gores Metropoulos has filed a registration statement on Form S-4
with the SEC (the “Registration Statement”) and has mailed the
definitive proxy statement/consent solicitation
statement/prospectus and other relevant documents to its
stockholders. The Registration Statement is now effective. The
Registration Statement, including the proxy statement/consent
solicitation statement/prospectus contained therein contains
important information about the proposed transactions contemplated
by the Agreement and Plan of Merger by and among Gores Metropoulos,
Dawn Merger Sub, Inc., Dawn Merger Sub II, LLC and Luminar dated
August 24, 2020 (the “Merger Agreement”) and the other matters to
be voted upon at a meeting of Gores Metropoulos’ stockholders to be
held to approve the proposed transactions contemplated by the
Merger Agreement and other matters (the “Special Meeting”) and is
not intended to provide the basis for any investment decision or
any other decision in respect of such matters. Gores Metropoulos’
stockholders and other interested persons are advised to read the
Registration Statement and the proxy statement/consent solicitation
statement/prospectus, as well as any amendments or supplements
thereto, because they contain or will contain important information
about the proposed transactions. The definitive proxy
statement/consent solicitation statement/prospectus was mailed to
Gores Metropoulos’ stockholders as of October 14, 2020, the record
date established for voting on the proposed transactions
contemplated by the Merger Agreement and the other matters to be
voted upon at the Special Meeting. Gores Metropoulos’ stockholders
are also able to obtain copies of the definitive proxy
statement/consent solicitation statement/prospectus, without
charge, once available, at the SEC’s website at www.sec.gov or by
directing a request to: Gores Metropoulos, Inc., 9800 Wilshire
Boulevard, Beverly Hills, CA 90212, attention: Jennifer Kwon Chou
(email: jchou@gores.com).
Participants in Solicitation
Gores Metropoulos, Luminar and their respective directors and
officers may be deemed participants in the solicitation of proxies
of Gores Metropoulos’ stockholders in connection with the proposed
transactions. Gores Metropoulos’ stockholders and other interested
persons may obtain, without charge, more detailed information
regarding the directors and officers of Gores Metropoulos in Gores
Metropoulos’ Annual Report on Form 10-K for the fiscal year ended
December 31, 2019, which was filed with the SEC on March 13, 2020.
Information regarding the persons who may, under SEC rules, be
deemed participants in the solicitation of proxies to Gores
Metropoulos’ stockholders in connection with the proposed
transactions contemplated by the Merger Agreement and other matters
to be voted upon at the Special Meeting is set forth in the
definitive proxy statement/consent solicitation
statement/prospectus for the proposed transactions. Additional
information regarding the interests of participants in the
solicitation of proxies in connection with the proposed
transactions is included in the Registration Statement.
Forward Looking Statements
This communication may contain a number of “forward-looking
statements” as defined in the Private Securities Litigation Reform
Act of 1995. Forward-looking statements include information
concerning Gores Metropoulos’ or Luminar’s possible or assumed
future results of operations, business strategies, debt levels,
competitive position, industry environment, potential growth
opportunities and the effects of regulation, including whether this
transaction will generate returns for stockholders. These
forward-looking statements are based on Gores Metropoulos’ or
Luminar’s management’s current expectations, estimates, projections
and beliefs, as well as a number of assumptions concerning future
events. When used in this press release, the words “estimates,”
“projected,” “expects,” “anticipates,” “forecasts,” “plans,”
“intends,” “believes,” “seeks,” “may,” “will,” “next,” “should,”
“enable,” “accelerate,” “future,” “propose” and variations of these
words or similar expressions (or the negative versions of such
words or expressions) are intended to identify forward-looking
statements.
These forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside Gores Metropoulos’ or Luminar’s
management’s control, that could cause actual results to differ
materially from the results discussed in the forward-looking
statements. These risks, uncertainties, assumptions and other
important factors include, but are not limited to: (a) the
occurrence of any event, change or other circumstances that could
give rise to the termination of the Merger Agreement and the
proposed transactions contemplated thereby; (b) the inability to
complete the transactions contemplated by the Merger Agreement due
to the failure to obtain approval of the stockholders of Gores
Metropoulos or other conditions to closing in the Merger Agreement;
(c) the ability to meet Nasdaq’s listing standards following the
consummation of the transactions contemplated by the Merger
Agreement; (d) the risk that the proposed transactions disrupt
current plans and operations of Luminar or its subsidiaries as a
result of the announcement and consummation of the transactions
described herein; (e) the ability to recognize the anticipated
benefits of the proposed transactions, which may be affected by,
among other things, competition, the ability of the combined
company to grow and manage growth profitably, maintain
relationships with customers and suppliers and retain its
management and key employees; (f) costs related to the proposed
transactions; (g) changes in applicable laws or regulations; (h)
the possibility that Luminar may be adversely affected by other
economic, business and/or competitive factors; and (i) other risks
and uncertainties indicated from time to time in the final
prospectus of Gores Metropoulos, including those under “Risk
Factors” therein, and other documents filed or to be filed with the
SEC by Gores Metropoulos. You are cautioned not to place undue
reliance upon any forward-looking statements, which speak only as
of the date made.
Forward-looking statements included in this communication speak
only as of the date of this communication. Except as required by
law, neither Gores Metropoulos nor Luminar undertakes any
obligation to update or revise its forward-looking statements to
reflect events or circumstances after the date of this release.
Additional risks and uncertainties are identified and discussed in
Gores Metropoulos’ reports filed with the SEC and available at the
SEC’s website at www.sec.gov.
Disclaimer
This communication is for informational purposes only and shall
not constitute an offer to sell or the solicitation of an offer to
buy any securities pursuant to the proposed transactions or
otherwise, nor shall there be any sale of securities in any
jurisdiction in which the offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such jurisdiction. No offer of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act.
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version on businesswire.com: https://www.businesswire.com/news/home/20201106005330/en/
For inquiries regarding Luminar, please contact:
Media Nicole Phelan
press@luminartech.com
John Christiansen/Cassandra Bujarski Sard Verbinnen & Co
Luminar-SVC@sardverb.com
Investors Michael Beer
michaelbeer@luminartech.com
For inquiries regarding The Gores Group and affiliates,
please contact:
Jennifer Kwon Chou The Gores Group jchou@gores.com
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