Luminar Technologies Files for Chapter 11 to Pursue Business Sale

Reuters12-15

Luminar Technologies Files for Chapter 11 to Pursue Business Sale

Luminar Technologies Inc. has initiated voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas to facilitate a value-maximizing sale process for its LiDAR business and the equity of its Luminar Semiconductors Inc. subsidiary. The company has secured the support of the majority of its first and second lien noteholders for this process. During the Chapter 11 case, Luminar expects to continue operating its business, paying employees, and honoring commitments to customers and vendors. The company has filed a motion to conduct sale processes for both its LiDAR business and LSI equity, aiming to complete transactions by the end of January 2026, pending court approval and customary closing conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Luminar Technologies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251215124811) on December 15, 2025, and is solely responsible for the information contained therein.

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