Luminar Technologies, Inc. and its affiliated debtors filed a disclosure statement on January 29, 2026, outlining a Chapter 11 Plan of Liquidation that proposes to sell substantially all assets through two separate transactions totaling approximately $143 million. The plan contemplates the sale of the company’s LSI semiconductor business to Quantum Computing, Inc. for $110 million and its LiDAR technology business to MicroVision, Inc. for $33 million, with proceeds to be distributed through a liquidation trust to satisfy approximately $488 million in funded debt obligations.
Company Background and Business Operations
Luminar Technologies was founded in 2012 to develop advanced Light Detection and Ranging hardware and…