Luminar Technologies Completes Multiple M&A Transactions

TradingView
2026.02.04 22:33
portai
I'm PortAI, I can summarize articles.

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.