Luminar filed chapter 11 Dec. 15, 2025 (S.D. Tex. 25-90807) with $488M debt against $25M cash. Volvo terminated LiDAR partnership after reducing volumes 90%. Quantum Computing stalking horse at $110M for photonics subsidiary. Founder Austin Russell resigned after ethics inquiry. Dual-track liquidation.

Luminar filed chapter 11 with $488M debt after Volvo terminated LiDAR partnership. Quantum Computing $110M stalking horse. S.D. Tex. 25-90807.

Luminar Technologies: LiDAR Collapse to Chapter 11

Luminar filed chapter 11 with $488M debt after Volvo terminated LiDAR partnership. Quantum Computing $110M stalking horse for photonics unit. Austin Russell resigned after ethics inquiry.

Luminar Technologies: From SPAC Stardom to Liquidating Chapter 11

Luminar Technologies: LiDAR Pioneer's SPAC-Era Collapse Ends in Liquidating Chapter 11

Meyer Burger (Holding) Corp. filed chapter 11 June 25, 2025 after DESRI terminated a 5 GW supply agreement. Within 90 days, the Swiss solar pioneer sold substantially all assets for $29M—Waaree acquired module equipment for $18.5M while DESRI entities recovered solar cells via credit bid.

Meyer Burger filed chapter 11 June 2025 after losing its largest customer. Waaree acquired HJT solar equipment for $18.5M. 900+ global jobs lost.

Meyer Burger Bankruptcy: $29M Solar Asset Liquidation

Swiss solar pioneer Meyer Burger filed chapter 11 after DESRI terminated a 5 GW supply deal. Waaree acquired Arizona facility equipment for $18.5M. 900+ global jobs eliminated across three countries.

Meyer Burger: Swiss Solar Pioneer Sells $29M in U.S. Assets After Customer Contract Collapse

Meyer Burger: Swiss Solar Pioneer's $29M U.S. Liquidation

FlexShopper filed chapter 11 Dec. 22, 2025 (D. Del. 25-12254) after CEO/CFO H. Russell Heiser Jr. allegedly forged loan documents, causing $140M+ overborrowing. Snap Finance affiliate ReadySett is stalking horse at $15.5M. 2022-2023 financials deemed unreliable. Warehouse lender claim: $165.8M.

FlexShopper filed chapter 11 after CEO forged $140M in loans. Snap Finance stalking horse at $15.5M. D. Del. Case 25-12254. Dec. 22, 2025 filing.

FlexShopper: CEO Fraud Triggers Chapter 11 (25-12254)

FlexShopper filed chapter 11 after CEO/CFO forged loan documents causing $140M+ overborrowing. Snap Finance stalking horse at $15.5M. 22-year-old fintech's 2022-2023 financials deemed unreliable.

Luminar Technologies: LiDAR Pioneer's SPAC-Era Collapse Ends in Liquidating Chapter 11

Meyer Burger: Swiss Solar Pioneer's $29M U.S. Liquidation

FlexShopper: Executive Fraud Collapses Fintech Pioneer in Five-Month Downfall