Luminar Technologies Inc

A US bankruptcy court confirmed Luminar Technologies’ amended liquidation plan, under which all outstanding equity interests, including common shares, are being cancelled without compensation and are therefore worthless. After selling Luminar Semiconductor to Quantum Computing and the LiDAR business to MicroVision, Luminar halted operations and is transferring remaining assets and liabilities to a liquidation trust. Upon the plan’s effective date, the board and management resigned, the stock was delisted from Nasdaq and now trades on the OTC Pink Market under the ticker LAZRQ; Luminar intends to file with the SEC to deregister its common shares. » Más en de.investing.com

Lidar maker Luminar is insolvent and is being liquidated. A court approved the award to Microvision, which acquired Luminar’s intellectual property rights, inventory of the Halo and Iris models, selected contracts and parts of the workforce for $33 million. Creditors will therefore receive only a fraction of their claims; the subsidiary Luminar Semiconductors was sold separately to Quantum Computing for $110 million. A later higher bid was rejected by the court because the bidder’s ability to pay had not been sufficiently demonstrated. » Más en heise.de

Luminar Technologies has filed an amended liquidation plan and the related disclosure statement with the U.S. Bankruptcy Court for the Southern District of Texas. The statement outlines the planned sale of remaining assets and the distribution of proceeds; court approval and creditor consent are still pending. The company also filed its monthly operating report through December 31, 2025, and warns of high speculation and potential total losses for security holders. In the bankruptcy process, MicroVision acquired IP and inventory for $33 million, and Quantum Computing agreed to acquire Luminar Semiconductor for $110 million. » Más en de.investing.com