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Lidar-maker Luminar says its founder and former CEO Austin Russell has been evading requests for information — including a subpoena — that the company needs in order to decide whether it should take legal action against him.
In early 2023, Luminar was riding high. After going public during the pandemic and scoring a key deal with Volvo, the company had added Mercedes-Benz and Polestar as customers of its “life-saving” lidar sensors.
Luminar Technologies, Inc. (NASDAQ: LAZR - Get Free Report) was the target of unusually large options trading on Monday. Traders bought 50,423 put options on the stock. This represents an increase of 117% compared to the typical volume of 23,215 put options. Institutional Inflows and Outflows Hedge funds and other institutional investors have recently made changes
The company plans to sell its Luminar Semiconductors subsidiary to Quantum Computing for $110 million.
Lidar company Luminar has filed for Chapter 11 bankruptcy protection after months of layoffs, executive departures, and a legal fight with its largest customer, Volvo.
HOBOKEN, N.J. , Dec. 15, 2025 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, quantum optics and integrated photonics technology company, today announced that it has signed an agreement (the "Stock Purchase Agreement") to acquire Luminar Semiconductor, Inc. ("LSI"), a wholly owned subsidiary of Luminar Technologies, Inc. ("Luminar") (Nasdaq: LAZR), in an all-cash transaction valued at $110 million (the "Transaction"), subject to customary adjustments.
ORLANDO, Fla.--(BUSINESS WIRE)--Luminar Technologies, Inc. (NASDAQ: LAZR) (the “Company” or “Luminar”), a leading global technology company, today announced that it has entered into an agreement with Quantum Computing Inc. (“QCi”) pursuant to which QCi will acquire Luminar Semiconductor, Inc. (“LSI”), a wholly owned subsidiary of Luminar, in an all-cash transaction valued at $110 million. QCi is an integrated photonics and quantum optics technology company with a focus on photonics-driven techn.
ORLANDO, Fla.--(BUSINESS WIRE)--Luminar Technologies, Inc. (NASDAQ: LAZR) (the “Company” or “Luminar”), a leading global technology company, today announced that it has initiated voluntary chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas (the “Court”). The Company has entered chapter 11 with the support of approximately 91.3% of its first lien noteholders and approximately 85.9% of its second lien noteholders (the “Ad Hoc Group”) to facilitate value-maximizing sa.
Luminar Technologies shares are trending after CEO Paul Ricci had 69,431 Class A shares withheld to cover tax obligations.
Luminar's financial position has deteriorated significantly in 2025, and now appears to have reached a point where the company no longer has a viable future. In particular, automotive OEMs are abandoning Luminar due to the risk of working with a supplier that is in my opinion facing the possibility of bankruptcy. Luminar is trying to cut costs and drive adoption in new verticals, but the company's limited cash runway means this is unlikely to work.
Luminar Technologies (LAZR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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Company takes next step in planned uplisting from OTC Markets MIAMI, FL / ACCESS Newswire / November 24, 2025 / Luminar Media Group, Inc. (OTCID:LRGR) ("Luminar" or the "Company"), a diversified financial holding company focused on revenue-based financing solutions for small and medium-sized businesses, today announced that it has submitted its initial application to list its common stock on the Nasdaq Capital Market ("Nasdaq"). In parallel, the Company is in discussions with several nationally recognized investment banks and expects to finalize the selection of its underwriter for the planned offering in the near term.
New Ticker Symbol reserved as the Company evaluates a potential national-exchange listing; Zarif Law Group engaged as securities counsel MIAMI, FLORIDA / ACCESS Newswire / November 20, 2025 / Luminar Media Group, Inc. (OTC:LRGR) ("Luminar" or the "Company") today announced that, through its newly engaged securities counsel Zarif Law Group, it has reserved the ticker symbol "FRTU" with The Nasdaq Stock Market in connection with Luminar's ongoing evaluation of capital-markets alternatives, including a potential application to list on a national securities exchange. "Locking in FRTU is an energizing milestone for our team and shareholders," said Yoel Damas, Chief Executive Officer of Luminar.
Swedish automaker Volvo has cancelled a five-year-old contract with Luminar, the latest escalation in an increasingly-ugly brawl between the lidar sensor company and its biggest customer.
MGA, QS and LAZR navigate mixed demand, new tariffs and rising electronics needs as the auto equipment landscape shifts.
Luminar Technologies, Inc. ( LAZR ) Q3 2025 Earnings Call November 13, 2025 5:00 PM EST Company Participants Yarden Amsalem - Head of Investor Relations Paul Ricci - CEO & Director Thomas J. Fennimore Conference Call Participants Yan Dong - Deutsche Bank AG, Research Division Jash Patwa - JPMorgan Chase & Co, Research Division Presentation Operator Good day, and thank you for standing by.
Luminar Technologies, Inc. (LAZR) came out with a quarterly loss of $0.94 per share versus the Zacks Consensus Estimate of a loss of $1.05. This compares to a loss of $2.4 per share a year ago.
Luminar Technologies, Inc. (NASDAQ: LAZR) shares climbed after the company released its mixed third-quarter earnings report after Thursday's closing bell.
ORLANDO, Fla.--(BUSINESS WIRE)--Today, Luminar (NASDAQ: LAZR), a leading global automotive technology company, provided its quarterly business update and financial results for the third quarter of 2025. These results and related commentary were published in a Presentation available on its Investor Relations website at https://investors.luminartech.com. “This quarter has required us to confront difficult realities in the automotive LiDAR market and take deliberate steps to strengthen our capital.