News

Luna Innovations will be exhibiting at the upcoming ADIPEC 2024 Conference and Exhibition in Abu Dhabi, UAE, November 4-7. Luna will be located in Hall 14 – Stand 14338 (Digitalization Hall.)

Luna Innovations Incorporated announced the appointment of Kevin Ilcisin as its new President and Chief Executive Officer, the retirement of Richard Roedel from the Board of Directors after nearly 20 years of service, and the closing of a $15 million junior secured term loan facility.

Luna Innovations Incorporated (NASDAQ: LUNA) announced that it has received a written notice on May 17,  2024, from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”). This Notice has no immediate effect on the listing of the Company's shares on Nasdaq. If Luna fails to timely regain compliance with the Rule, the Company's common stock will be subject to delisting from Nasdaq. 

Luna Innovation today announced two inducement grants pursuant to its 2024 Inducement Plan. 

On May 1, 2024, Luna’s Compensation Committee granted 400,000 restricted stock units to John C. Roiko and 350,000 restricted stock units to Will Denman.

Luna Innovations today announced the appointment of two new members of its senior leadership team and new finance executive:

Will Denman Joins Luna as Senior Vice President, Sales, North America

Matthew Friedman Recently Appointed Vice President, Product Marketing

Heather Matzke-Hamlin Joins Luna as Public Accounting Advisor.

Alex Davern and Kevin Ilcisin Join as Advisors to the Company. Along with these updates, John Roiko was appointed as Chief Financial Officer.

The Board announces Exploration of Strategic Alternatives and Luna provides update related to Special Committee Independent Review
 

A Special Committee of the Company’s Board of Directors has been conducting an independent review, with the assistance of external legal and financial advisors, of certain revenue recognition matters in connection with the Company’s previously issued financial statements.

As the independent review remains ongoing and the full extent of this impact is still being determined, the Company cannot at this time estimate when it will file its restated financial statements. 

On April 2, 2024, Luna received a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) concerning compliance.

Luna is working diligently to complete its Form 10-K to ensure compliance with Nasdaq Listing Rule 5250(c)(1) and will provide an update once more information is available.