The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Research · Q1

Nvidia → Lumentum

$2.0B — $2B private placement of 2,876,415 shares of Series A Convertible Preferred Stock at $695.31/share

high confidence · as of 2026-03-02T00:00:00Z · about Lumentum

$2.0B — $2B private placement of 2,876,415 shares of Series A Convertible Preferred Stock at $695.31/share

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the working

Basis

$2.0B — $2B private placement of 2,876,415 shares of Series A Convertible Preferred Stock at $695.31/share

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