Luminar files Chapter 11; sells LSI to Quantum Computing for $110M; expects Nasdaq delisting

Luminar Technologies, Inc./DE

Filed Chapter 11 bankruptcy on Dec 15, 2025; expects Nasdaq delisting due to non-compliance with listing rules.
Agreed to sell Luminar Semiconductors (LSI) to Quantum Computing Inc. for $110M cash as stalking horse bidder.
Outstanding debt totals $488M ($135.7M unsecured, $104.6M 1L notes, $247.7M 2L notes) triggering default.
Supported by 91.3% of 1L noteholders and 85.9% of 2L noteholders via forbearance and support agreements.

item 1.01 item 1.03 item 2.04 item 7.01 item 9.01

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