8-K
filed December 15, 2025, 6:59 PM ET
CIK 0001758057
other material
confidence high
sentiment negative
materiality 1.00
Luminar Technologies, Inc./DE: going-concern / distress — 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.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Luminar Technologies, Inc./DE reported a default on senior notes of approximately $135.7 million with U.S. Bank National Association at not specified maturing not specified.
- Instrument
- senior notes
- Principal
- approximately $135.7 million
- Counterparty
- U.S. Bank National Association
- Rate
- not specified
- Maturity
- not specified
- Event
- default
Exact text from the filing
”). As of December 12, 2025, the aggregate amount of outstanding Unsecured Notes, 1L Notes and 2L Notes, including principal and accrued but unpaid interest, was approximately $135.7 million, $104.6 million and $247.7 million, respectively. Any efforts to enforce payment obligations against the Debtors under the Debt Instruments are automatically stayed as a result
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Luminar Technologies, Inc./DE reported a default on term loan of approximately $104.6 million with GLAS Trust Company LLC at not specified maturing not specified.
- Instrument
- term loan
- Principal
- approximately $104.6 million
- Counterparty
- GLAS Trust Company LLC
- Rate
- not specified
- Maturity
- not specified
- Event
- default
Exact text from the filing
12, 2025, the aggregate amount of outstanding Unsecured Notes, 1L Notes and 2L Notes, including principal and accrued but unpaid interest, was approximately $135.7 million, $104.6 million and $247.7 million, respectively. Any efforts to enforce payment obligations against the Debtors under the Debt Instruments are automatically stayed as a result of the filing of
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Luminar Technologies, Inc./DE reported a default on term loan of approximately $247.7 million with GLAS Trust Company LLC at not specified maturing not specified.
- Instrument
- term loan
- Principal
- approximately $247.7 million
- Counterparty
- GLAS Trust Company LLC
- Rate
- not specified
- Maturity
- not specified
- Event
- default
Exact text from the filing
amount of outstanding Unsecured Notes, 1L Notes and 2L Notes, including principal and accrued but unpaid interest, was approximately $135.7 million, $104.6 million and $247.7 million, respectively. Any efforts to enforce payment obligations against the Debtors under the Debt Instruments are automatically stayed as a result of the filing of the Chapter 11
View on SEC.gov
Distress & Bankruptcy
SEC 8-K Item 1.03
confidence 0.9
Luminar Technologies, Inc./DE entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2025-12-15).
- Proceeding
- chapter 11
- Court
- United States Bankruptcy Court for the Southern District of Texas
- Petition
- 2025-12-15
Exact text from the filing
On December 15, 2025, Luminar Technologies, Inc. (the “ Company ”) and certain of its subsidiaries (collectively, the “ Debtors ”) filed voluntary petitions (the “ Bankruptcy Petitions ”) for relief under chapter 11 of title 11 of the United States Code (the “ Bankruptcy Code ”) in the United States Bankruptcy Court for the Southern District of Texas (the “ Bankruptcy Court ”) thereby commencing chapter 11 cases (the “ Chapter 11 Cases ”).
View on SEC.gov
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