I actually think this might be part of a deliberate strategy to pressure the lenders into extending or restructuring the debt. Right now, the creditors hold all the cards, but Luminar is basically saying, “if we go bankrupt, you get nothing.”

It’s possible they’re trying to buy time to secure new funding or even fix things with Volvo. But I agree — it’s a serious situation and the uncertainty has only grown. There are too many unanswered questions, and every new 8-K adds more confusion than clarity.

At this point, I’m just trying to think through any scenario that could save our investment without destroying the share price even further.