RestructuringApr 7, 2026, 06:06 AM
Luminar Technologies Ceases Business Operations Following Asset Sales and Nasdaq Delisting
AI Summary
Luminar Technologies (LAZRQ) has ceased business operations after selling its Luminar Semiconductor, Inc. subsidiary and its LiDAR business following Chapter 11 bankruptcy filings. The company's Class A Common Stock was delisted from Nasdaq and now trades on the OTC Pink Limited Market under the symbol 'LAZRQ'.
Key Highlights
- Luminar Technologies filed for Chapter 11 bankruptcy in December 2025.
- The company sold Luminar Semiconductor, Inc. to Quantum Computing Inc. and its LiDAR business to MicroVision in early February 2026.
- Following the sales, Luminar ceased business operations, focusing on winding down remaining activities.
- The company's Class A Common Stock was delisted from Nasdaq and now trades on the OTC Pink Limited Market under the symbol 'LAZRQ'.