BRIEF-Luminar Technologies Initiates Voluntary Chapter 11 Proceedings

Reuters12-16
BRIEF-Luminar Technologies Initiates Voluntary Chapter 11 Proceedings

Dec 15 (Reuters) - Luminar Technologies Inc LAZR.O:

  • LUMINAR TECHNOLOGIES, INC. INITIATES VOLUNTARY CHAPTER 11 PROCEEDINGS TO FACILITATE VALUE-MAXIMIZING SALE PROCESS

  • LUMINAR - TO SELL LSI TO QUANTUM COMPUTING FOR $110 MILLION

  • LUMINAR - ENTERS CHAPTER 11 WITH 91.3% NOTEHOLDER SUPPORT

  • LUMINAR - AD HOC GROUP CONSENTS TO LUMINAR'S USE OF $25 MILLION CASH

  • LUMINAR: DURING CHAPTER 11 CASES, LUMINAR EXPECTS TO CONTINUE OPERATING ITS BUSINESS

Source text: ID:nBw8k8jLYa

Further company coverage: LAZR.O

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