secwatch.observer — SEC 8-K summary
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Issuer:     Luminar Technologies, Inc./DE (—)
CIK:        0001758057
Form:       8-K
Filed at:   2026-01-12T23:59:59+00:00
Accession:  0001140361-26-000912
Event type: m_and_a
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Luminar in Chapter 11 to sell LiDAR assets to Quantum Computing for $22M; Nasdaq delisting imminent
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- Purchase agreement with Quantum Computing Inc. (QUBT) for $22M cash as stalking-horse bidder under Section 363 of Bankruptcy Code.
- Break-up fee of 3% of cash consideration plus up to $500k expense reimbursement if not successful bidder.
- Closing expected by March 31, 2026, subject to Bankruptcy Court approval and higher competing bids.
- Nasdaq notified company it will file Form 25 on Jan 13, 2026 to delist common stock; trading suspended since Dec 24, 2025; now trades OTC Pink under LAZRQ.
- Chapter 11 cases filed Dec 15, 2025; sale process includes auction for potentially higher offers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758057/000114036126000912/0001140361-26-000912-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758057/000114036126000912/ef200562700_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-000912

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