Luminar enters fourth forbearance with noteholders; appoints CRO

Luminar Technologies, Inc./DE

Fourth Forbearance Agreements extend forbearance to Dec 2, 2025 (possible to Dec 7).
Company failed to make Nov 15 interest payments on 1L Notes; grace period not yet expired.
Appointed Robin Chu of Portage Point Partners as Chief Restructuring Officer.
Minimum liquidity covenant of $30M imposed; weekly cash flow reporting required.
Parties to negotiate in good faith on a holistic restructuring transaction.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Luminar Technologies, Inc./DE entered into Third Forbearance Agreements with Extending Noteholders (effective 2025-11-12).

Action: entry
Counterparty: Extending Noteholders
Effective: 2025-11-12

Exact text from the filing

(iii) forbearance agreements, effective as of November 12, 2025 (the “ Third Forbearance Agreements ” and, together with the First Forbearance Agreements and Second Forbearance Agreements, the “ Initial Forbearance Agreements ”), with the Extending Noteholders.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Luminar Technologies, Inc./DE entered into Fourth Forbearance Agreements with Extending Noteholders (effective 2025-11-25).

Action: entry
Counterparty: Extending Noteholders
Effective: 2025-11-25

Exact text from the filing

On November 25, 2025, the Company and the Extending Noteholders entered into new forbearance agreements (the “ Fourth Forbearance Agreements ”; and together with the Initial Forbearance Agreements, the “ Forbearance Agreements ”)

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Luminar Technologies, Inc./DE entered into First Forbearance Agreements with Initial Forbearing Noteholders (effective 2025-10-30).

Action: entry
Agreement: notes offering
Counterparty: Initial Forbearing Noteholders
Effective: 2025-10-30

Exact text from the filing

Luminar Technologies, Inc. (the “ Company ”) entered into: (i) forbearance agreements, effective as of October 30, 2025 (the “ First Forbearance Agreements ”), with an ad hoc group of holders (the “ Initial Forbearing Noteholders ”) of the Company’s Floating Rate Senior Secured Notes due 2028 (the “ 1L Notes ”)

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Luminar Technologies, Inc./DE entered into Second Forbearance Agreements with Extending Noteholders (effective 2025-11-06).

Action: entry
Counterparty: Extending Noteholders
Effective: 2025-11-06

Exact text from the filing

(ii) forbearance agreements, effective as of November 6, 2025 (the “ Second Forbearance Agreements ”), with an ad hoc group of holders (the “ Extending Noteholders ”) of the 1L Notes and 2L Notes

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Source: SEC EDGAR

accession 0001140361-25-043420

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