By John Meyer, consultant in financial affairs – Eurasia Business News, December 15, 2025. Article no 1935
Luminar Technologies has entered voluntary Chapter 11 bankruptcy and is using the process to run a court‑supervised sale of its main assets.
Luminar filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas, listing roughly 100–500 million dollars in assets and 500 million–1 billion dollars in liabilities. The filing follows loss of a major contract (including with Volvo), mounting debt, multiple rounds of layoffs, and warnings that the company might not remain a going concern without new funding or a strategic deal.
Planned semiconductor sale
As part of the restructuring, Luminar has agreed to sell its Luminar Semiconductors Inc. subsidiary to Quantum Computing Inc. for about 110 million dollars in cash, subject to higher or better offers through the bankruptcy sale process. The semiconductor unit itself is not a debtor in the Chapter 11 case and is expected to continue operating normally until and after the transaction, while Luminar uses roughly 25 million dollars of cash (with noteholder consent) to fund operations during the process.
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© Copyright 2025 – Eurasia Business News. Article no. 1935
Eurasia Business News 