Summary by Moomoo AI
Luminar Technologies has finalized the cash settlement for its adjusted options (LAZR1) following the adjustment on November 21, 2024. The cash in lieu amount for approximately 0.6667 fractional LAZR shares has been determined at $7.59 per LAZR1 contract, based on a price of $11.391 per whole LAZR share.The new deliverable per contract consists of 6 Luminar Technologies, Inc. (LAZR) Class A Common Shares and $7.59 in cash. OCC will require Put exercisers and Call assignees to deliver the appropriate cash amount for the period from November 21 to December 11, 2024. The LAZR component of LAZR1 exercise/assignment activity from November 21 to December 10, 2024, has already settled through NSCC.The underlying price for LAZR1 will be calculated using the formula: LAZR1 = 0.06 (LAZR) + 0.0759. This adjustment ensures accurate pricing and settlement for option holders and traders dealing with Luminar Technologies' adjusted options.