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Ex-Luminar CEO Austin Russell Seeks to Buy Luminar Through Russell AI Labs
AcquisitionAIB2B Growth

Ex-Luminar CEO Austin Russell Seeks to Buy Luminar Through Russell AI Labs

•October 17, 2025
•Oct 17, 2025
0

Participants

Russell AI Labs

Russell AI Labs

acquirer

Luminar

Luminar

target

Deal Summary

Austin Russell filed a Schedule 13D indicating he seeks to acquire 100% of Luminar's Class A common stock via his new Russell AI Labs, effectively proposing to take control of the publicly traded lidar maker. The move follows Russell's recent resignation and comes amid Luminar's financial struggles and board engagement.

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