QCi stalking horse to buy Luminar Semiconductor for $110M; Luminar files Ch. 11

Quantum Computing Inc.

Quantum Computing Inc. (QUBT) agrees to acquire all shares of Luminar Semiconductor from Luminar Technologies (LAZR) for $110M cash.
Luminar Technologies filed voluntary Chapter 11 on Dec 15, 2025; Luminar Semiconductor is not a debtor and continues normal operations.
QCi will serve as stalking horse bidder in a Section 363 bankruptcy sale; closing expected by end of Jan 2026, subject to court approval and possible higher bids.
Break-up fee of 3% of purchase price ($3.3M) plus capped expense reimbursement payable to QCi if outbid by another buyer.
Deal brings photonic components, patents, and engineering team to accelerate QCi's quantum technology roadmap and support LSI's existing customers.

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

Quantum Computing Inc. entered into Stock Purchase Agreement with Luminar Technologies, Inc. valued at total purchase price of $110.0 million (effective 2025-12-15).

Action: entry
Agreement: asset purchase
Counterparty: Luminar Technologies, Inc.
Value: total purchase price of $110.0 million
Effective: 2025-12-15

Exact text from the filing

On December 15, 2025, Quantum Computing Inc., a Delaware corporation (the “Company”), entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) with Luminar Technologies, Inc., a Delaware corporation (the “Seller”) and Luminar Semiconductor, Inc., a Delaware corporation (the “Target”), pursuant to which, subject to the terms and conditions set forth in the Stock Purchase Agreement, the Company agreed to acquire all of the issued and outstanding shares of common stock of the Target from the Seller (the “Transaction”) for a total purchase price of $110.0 million in cash (the “Purchase Price”).

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Source: SEC EDGAR

accession 0001213900-25-121746

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