Luminar's 25-year-old CEO didn't want to take his lidar startup public amid the pandemic, but opted for a SPAC after Nikola and Fisker proved the unconventional approach can work

4:35am PDT - August 29th, 2020    nikola stock - Business Insider

• Reverse mergers have become a popular way for automotive companies to go public this year.
• Lidar startup Luminar opted to enter public markets through a reverse merger because it offered more certainty than an IPO about the money the company…