The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Research · Q1

Nvidia (capital (strategic/VC investment facet — distinct from nvidia/chip-design, which sells)) → Lumentum Holdings (capital (treasury/financing facet))

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

low confidence · as of 2026-03-02 · about Lumentum holdings

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

Sourced figures 1

  • Lumentum Holdings SEC Form 8-K exhibit $2B private placement (2,876,415 shares at $695.31/share) plus a multi-billion (unspecified) purchase commitment; funds support Lumentum's new US-based fab

    2026-03-02 low


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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