On a corporate action affecting Class A ordinary shares of Luminar Technologies, Inc. (LAZR)

On September 16, 2024, Luminar Technologies, Inc. announced a reverse stock split at a ratio of 1-for-5 to 1-for-20 to be effective if stockholders approve it on the special meeting of stockholders to be held on October 30, 2024. Transaction is expected to close at any time prior to December 31, 2024. For more details, please, refer to the company’s website.

ITS Ltd. will publish separate notices on the procedures undertaken by ITS Ltd. to process this corporate action outlining how trading in these qualified investments will be carried out.