Seeking Alpha

Luna Innovations Incorporated (LUNA)

  • Mon, Feb. 2, 10:24 AM
    • Optoelectronic sensor and test/measurement hardware vendor Advanced Photonix (API +34.5%) is merging with fiber optic sensing and test/measurement equipment firm Luna Innovations (LUNA +0.5%) in an all-stock deal.
    • API shareholders will receive 0.32 Luna shares for each API share they own. Between them, the companies possess 200+ patents and patent applications, and had revenue of $49.9M for the 12 months ending Sep. 30.
    • The combined company will keep Luna's name, and be headquartered in Roanoke, VA. Luna chief My E. Chung will be its CEO.
    | Comment!
Visit Seeking Alpha's
LUNA vs. ETF Alternatives
Company Description
Luna Innovations Inc develops, manufactures & markets fiber optic sensing, test, measurement products. It provides solutions to measure, monitor, protect processes in the aerospace, automotive, energy, composite, telecommunications & defense industries.
Sector: Services
Country: United States