QCi stalking horse bid to acquire Luminar's LiDAR assets for $22M; subject to court approval

Quantum Computing Inc.

Purchase price of $22M cash; QCi designated as stalking horse bidder in Luminar's Ch. 11 process.
Transaction subject to higher bids in court-supervised auction and Bankruptcy Court approval; break-up fee of 3% of purchase price.
Expected to close in Q1 2026; targets include inventory, IP, contracts, real property, equipment from Luminar's LiDAR business.
QCi previously agreed to acquire Luminar Semiconductor Inc. (LSI); combined assets aim to expand photonics value chain.
QCi plans to retain key technical/engineering teams and continue R&D; assets expected to contribute immediate revenue.

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