To contact Cabling Installation & Maintenance:

About Cabling Installation & Maintenance:

Bringing practical business and technical intelligence to today's structured cabling professionals.

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on:

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Luminar Media Group / Fortun Announce Strategic Transactions and Debt Restructuring to Minimize Legacy Debt and Maximize Shareholder Value

Strengthening the Balance Sheet Through Legacy Debt Reduction

Luminar Media Group has made significant progress in addressing legacy debt obligations inherited during its reverse merger in May 2024. At that time, the company assumed $472,821.83* in convertible notes, originally set to convert at $0.01 per share—aligned with the stock’s then-average trading price of $0.015 per share. Given the current higher stock price, these terms posed a risk of excessive dilution for shareholders.

To address this issue, Luminar Media Group has successfully:

•    Retired $150,232.34 of legacy convertible notes, reducing exposure by 32%.
•    Reassigned $110,000.00 of the remaining $322,589.49* in outstanding legacy debt to new lenders, who have agreed to a six-month moratorium on conversions, lowering immediate conversion risk by an additional 23%.
•    Secured commitments from remaining legacy noteholders (representing $212,589.49*, or 45% of the original total) to negotiate terms and delay conversions, offering further flexibility.

* The amounts reflected represent the face value of the legacy debt as of May 2024.

In addition, the company raised approximately $200,000 in new financing during the most recent quarter specifically to reduce the legacy debt.  The new debt reduction financing includes an extended repayment period and restructured conversion features with favorable terms, aligning more closely with current market conditions. These actions significantly reduce potential dilution and enhance financial stability.

“We are taking decisive action to protect our shareholders’ long-term interests while fueling growth,” said Yoel Damas, CEO of Luminar Media Group. “By allocating about $200,000 to debt reduction, in addition to driving growth in our operations funding small businesses, we’ve minimized dilution risks.  We intend to further accelerate our strong quarter-over-quarter and month-over-month growth in funding and revenues as we head into the second quarter of 2025.”

Commitment to Transparency and Shareholder Value

Luminar Media Group is steadfast in its commitment to upholding the highest standards of transparency and shareholder value. The company continues to implement a disciplined approach to capital management, focusing on strategies that minimize dilution and strengthen the overall financial position of the company. Luminar is fully dedicated to maximizing long-term value for its shareholders by actively addressing legacy debt, strategically managing resources, and making prudent financial decisions.

In addition to its legacy debt reduction efforts, Luminar Media Group is committed to regularly updating shareholders with clear, actionable insights into the company’s financial health and strategic direction. This includes providing detailed information about ongoing efforts to reduce risk, manage liquidity, and capitalize on growth opportunities, particularly as it expands its reach to underserved businesses, especially within Latino and minority-owned communities.

About Luminar Media Group, Inc.

Headquartered in Miami, Florida, Luminar Media Group, Inc. is a pioneering fintech company specializing in financial solutions for underserved communities, with a focus on Latino and minority-owned businesses. The company leverages innovative strategies to drive economic growth and deliver long-term value to stakeholders.

Forward-Looking Statements

This release contains forward-looking statements reflecting Luminar Media Group’s current strategies and expectations. Actual results may differ due to various risks and uncertainties. Investors are encouraged to review the company’s SEC filings for additional details. Financial data is preliminary and may be adjusted before final reporting.

Contact Information:
Robert Rico
Investor Relations
Phone: 305-283-9237
Email: Robert@Fortunco.com

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.