Research analysts covering Luminar Technologies, Inc./DE.
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Luminar Technologies Files for Chapter 11 Bankruptcy, Delisted from Nasdaq, and Sells Assets
LAZRQ
Legal Proceedings
Delisting/Listing Issues
M&A
- Luminar Technologies, Inc. and its subsidiaries filed voluntary petitions for Chapter 11 bankruptcy on December 15, 2025, and December 31, 2025. An Amended Chapter 11 Plan of Liquidation was filed on January 29, 2026, outlining the liquidation of the Debtors' remaining assets. The voting deadline for the plan is March 11, 2026.
- The company's Class A Common Stock was delisted from Nasdaq on January 23, 2026, and began trading on the OTC Pink Limited Market under the symbol "LAZRQ" on December 24, 2025.
- The Bankruptcy Court approved the sale of LSICo equity to Quantum Computing, Inc. and LiDARCo equity to MicroVision, Inc. on January 27, 2026.
- Luminar has faced significant financial challenges, including annual net losses since inception (e.g., $273.1 million in 2024 and $573 million in 2023), an accumulated deficit of $2.4 billion as of December 31, 2025, and dwindling liquidity (from $74 million on September 30, 2025, to approximately $25 million by the Petition Date).
7 days ago
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