Luna Innovations Announces New Credit Facility
Silicon Valley Bank extends Luna a $5 million revolving credit facility ROANOKE, Va., Feb 18, 2010 — Luna Innovations Incorporated (NASDAQ: LUNA) announced today that it has entered into a $5 million revolving credit facility with Silicon Valley Bank (SVB). In May 2008, Luna entered into a $10 million credit facility with SVB that included a four-year term debt of $5 million and a remaining…Read More
Luna Innovations Complies with All NASDAQ Listing Criteria
ROANOKE, Va., Jan 14, 2010 — Luna Innovations Incorporated (NASDAQ: LUNA), a company focusing on sensing, instrumentation and nanotechnology, announced today that it has received notification from The NASDAQ Stock Market LLC indicating that the Company timely demonstrated compliance with all requirements for initial listing on The NASDAQ Capital Market upon its emergence from bankruptcy, as required by the NASDAQ Listing Rules and the December…Read More
Luna Innovations’ Largest Investor Exchanges Debt for Equity
Carilion Clinic exchanges $6.2 million in debt for preferred stock ROANOKE, Va., Jan 14, 2010 — Luna Innovations Incorporated (NASDAQ: LUNA) announced today that Carilion Clinic, its largest non-employee shareholder, has exchanged all outstanding convertible promissory notes of Luna, with a balance of principal and accrued interest equal to $6.2 million, for newly issued shares of Series A Convertible Preferred Stock of Luna. In 2005,…Read More
Luna Innovations Emerges from Chapter 11 Reorganization
Luna Exits Chapter 11 Less Than Six Months After Filing ROANOKE, Va., Jan 12, 2010 — Luna Innovations Incorporated (NASDAQ: LUNA), a company focusing on sensing, instrumentation and nanotechnology, announced today that it has emerged from Chapter 11 reorganization, less than six months after filing. The Honorable William F. Stone, Jr. of the U.S. Bankruptcy Court for the Western District of Virginia, Roanoke Division, confirmed…Read More
Luna Innovations Announces Preliminary Fourth Quarter 2009 Operating Results
Product & License Revenue more than Doubles Quarter over Quarter ROANOKE, Va., Jan 11, 2010 — Luna Innovations Incorporated (NASDAQ:LUNA), a company focusing on sensing & instrumentation and nanotechnology, today announced preliminary results of operations for the fourth quarter of 2009, to be followed by a conference call at 1:30 p.m. Eastern Time. The Company cautions that the preliminary estimates of financial results are prior…Read More
Luna Innovations Adds Three New Independent Directors
Jonathan Cool, Warner Dalhouse & John Williamson to Join Board ROANOKE, Va., Jan 11, 2010– Luna Innovations Incorporated (NASDAQ:LUNA) is adding three independent directors to its Board of Directors. These additions bring Luna back into compliance with the NASDAQ listing qualifications requirement that a company must have a minimum of three independent directors. The election of these new directors will be effective upon Luna’s emergence…Read More
Luna Innovations and Intuitive Surgical Expand Relationship
Luna and Intuitive agree to continue work integrating shape sensing technology and medical robotics ROANOKE, Va., Jan 08, 2010 — Luna Innovations Incorporated (NASDAQ: LUNA) announced today that it will be extending its development and supply agreement with Intuitive Surgical, Inc. (NASDAQ: ISRG) to continue integrating Luna’s shape sensing technology into Intuitive’s products. In June 2007, Luna and Intuitive entered into a multi-year development and…Read More
Luna Innovations to Provide Corporate Update on January 11, 2010
Luna will discuss preliminary financial results, business developments and outlook ROANOKE, Va., Jan 05, 2010 — Luna Innovations Incorporated (NASDAQ: LUNA), a company focusing on sensing & instrumentation and nanotechnology, will provide a corporate update in a conference call with investors on January 11, 2010. The company will discuss its preliminary expectations for fourth quarter operating results, current business developments, the company’s reorganization plan and…Read More
Luna Innovations Receives NASDAQ Extension
ROANOKE, Va., Jan 04, 2010 — Luna Innovations Incorporated (NASDAQ: LUNA) today announced that on December 28, 2009, the Company received notice from the NASDAQ Listing Qualifications Panel (the “Panel”) indicating that the Panel has granted the Company’s request for continued listing on The NASDAQ Capital Market pursuant to an extension through January 13, 2010. The Panel’s decision requires the Company to demonstrate compliance with…Read More
Luna Strengthens its Position in Nanomedicine
Tego Biosciences is acquired by Luna Innovations ROANOKE, Va., Dec 29, 2009 — Luna Innovations Incorporated (NASDAQ: LUNA) has acquired certain intellectual property assets of Tego Biosciences, its main competitor in developing medicines based on carbon nanomaterials. Tego Biosciences, Inc. is a wholly owned subsidiary of Arrowhead Research Corporation (NASDAQ:ARWR). This acquisition integrates the patent assets of the two leading companies and provides Luna a…Read More