
Luminar Technologies Completes Multiple M&A Transactions

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Luminar Technologies has completed two court-approved transactions as part of its Chapter 11 process. The company sold Luminar Semiconductor to Quantum Computing for $110 million and specified LiDAR assets to MicroVision for $33 million. Additionally, Luminar terminated a prior stalking horse agreement with Quantum, incurring a break-up fee of $660,000 and $500,000 in expense reimbursement. These actions aim to generate liquidity and maximize proceeds for stakeholders during the Chapter 11 process.
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