Luminar Technologies

LAZR

Market cap $14.7M

In early 2023, Luminar was riding high. After going public during the pandemic and scoring a key deal with Volvo, the company had added Mercedes-Benz and Polestar as customers of its “life-saving” lidar sensors.

The company plans to sell its Luminar Semiconductors subsidiary to Quantum Computing for $110 million.

Lidar company Luminar has filed for Chapter 11 bankruptcy protection after months of layoffs, executive departures, and a legal fight with its largest customer, Volvo.

HOBOKEN, N.J. , Dec. 15, 2025 /PRNewswire/ -- Quantum Computing Inc.  ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, quantum optics and integrated photonics technology company, today announced that it has signed an agreement (the "Stock Purchase Agreement") to acquire Luminar Semiconductor, Inc. ("LSI"), a wholly owned subsidiary of Luminar Technologies, Inc. ("Luminar") (Nasdaq: LAZR), in an all-cash transaction valued at $110 million (the "Transaction"), subject to customary adjustments.

ORLANDO, Fla.--(BUSINESS WIRE)--Luminar Technologies, Inc. (NASDAQ: LAZR) (the “Company” or “Luminar”), a leading global technology company, today announced that it has entered into an agreement with Quantum Computing Inc. (“QCi”) pursuant to which QCi will acquire Luminar Semiconductor, Inc. (“LSI”), a wholly owned subsidiary of Luminar, in an all-cash transaction valued at $110 million. QCi is an integrated photonics and quantum optics technology company with a focus on photonics-driven techn.

ORLANDO, Fla.--(BUSINESS WIRE)--Luminar Technologies, Inc. (NASDAQ: LAZR) (the “Company” or “Luminar”), a leading global technology company, today announced that it has initiated voluntary chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas (the “Court”). The Company has entered chapter 11 with the support of approximately 91.3% of its first lien noteholders and approximately 85.9% of its second lien noteholders (the “Ad Hoc Group”) to facilitate value-maximizing sa.

Luminar's financial position has deteriorated significantly in 2025, and now appears to have reached a point where the company no longer has a viable future. In particular, automotive OEMs are abandoning Luminar due to the risk of working with a supplier that is in my opinion facing the possibility of bankruptcy. Luminar is trying to cut costs and drive adoption in new verticals, but the company's limited cash runway means this is unlikely to work.

Luminar Technologies (LAZR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Swedish automaker Volvo has cancelled a five-year-old contract with Luminar, the latest escalation in an increasingly-ugly brawl between the lidar sensor company and its biggest customer.

MGA, QS and LAZR navigate mixed demand, new tariffs and rising electronics needs as the auto equipment landscape shifts.