other_material
confidence high
sentiment negative
materiality 1.00
Luminar Tech bankruptcy plan confirmed; equity cancelled, no recovery
Luminar Technologies, Inc./DE
- Bankruptcy Court confirmed Fourth Amended Plan of Liquidation on April 3, 2026; effective April 6.
- All outstanding common stock and related rights cancelled without consideration; shareholders get zero recovery.
- All directors (Paul Ricci, Austin Russell, et al.) and officers resigned on effective date.
- Company will file Form 15 with SEC to deregister and suspend reporting obligations.
- Earlier asset sales: Luminar Semiconductor to QCI, LiDAR business to MicroVision in Feb 2026.