Luna Innovations Incorporated (OTCMKTS: LUNA) ("Luna" or the "Company"), a global leader in advanced fiber optic-based technology, today announced that it has signed a definitive agreement (the "Merger Agreement") with Ascend Parent, LLC ("Parent"), a Delaware limited liability company affiliated with TJC, L.P. ("TJC"), pursuant to which TJC will acquire 100% of Luna (the "Transaction").

Under the Merger Agreement, Shareholders will receive $1.39 Cash Consideration per Share (on closing). The Merger Consideration represents a premium of approximately 26% over the 60-day volume-weighted average trading price of the Company’s common stock and a 29% premium over the volume-weighted average trading price of the Company’s common stock since announcing its move to the OTC Expert Market on January 6, 2025.