Case filing & court posture: Luminar Technologies, Inc., an Orlando, Florida-based autonomous vehicle LiDAR technology company (NASDAQ: LAZR), filed for chapter 11 protection on December 15, 2025 in the U.S. Bankruptcy Court for the Southern District of Texas (Case No. 25-90807), before Judge Christopher M. Lopez. Dkt. 1 The filing followed the November 2025 termination of a key contract by Volvo Car Corporation amid slower-than-expected LiDAR adoption and competitive pressure.
Liquidity & financing path: The Debtors obtained authority to use up to $25 million in cash collateral, with an interim order entered on December 16, 2025 Dkt. 21 and a final cash collateral order entered on January 29, 2026. Dkt. 319 The Court also approved global bidding procedures on December 30, 2025 to facilitate asset sales. Dkt. 119
Asset sales: The Debtors conducted 363 sales of their two primary asset portfolios. The LSI semiconductor business was sold to Quantum Computing, Inc. for $110 million, with the sale order entered on January 29, 2026. The LiDAR assets were sold to MicroVision, Inc. as the successful bidder at auction, with the sale order entered on January 30, 2026.
Amended Plan of Liquidation: An Amended Chapter 11 Plan of Liquidation was filed on January 29, 2026, contemplating a liquidating trust structure to wind down the remaining estates. Dkt. 321 A disclosure statement was filed concurrently. Dkt. 324
Current status: The case remains pre-confirmation. A hearing to consider approval of the disclosure statement was adjourned to February 13, 2026. Dkt. 375 Plan confirmation has not yet occurred.
