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Luminar Technologies ( (LAZRQ) ) has issued an announcement.
Luminar Technologies, Inc., which filed voluntary Chapter 11 bankruptcy petitions on December 15, 2025 in the Southern District of Texas, has agreed to sell specified assets related to its LiDAR business and certain associated liabilities to Quantum Computing Inc. for $22 million in cash, subject to court approval and a competitive auction process under section 363 of the U.S. Bankruptcy Code. Under the agreement signed on January 11, 2026, Quantum Computing Inc. is expected to serve as the stalking-horse bidder, with the deal contingent on various closing conditions, including bankruptcy court approval and antitrust clearance, and providing for a potential break-up fee and expense reimbursement if it is outbid, while Luminar also faces imminent delisting of its common stock from Nasdaq following a January 8, 2026 notice, with trading already suspended since December 24, 2025 and shares now quoted on the OTC Market under the symbol “LAZRQ”.
The most recent analyst rating on (LAZRQ) stock is a Sell with a $0.08 price target. To see the full list of analyst forecasts on Luminar Technologies stock, see the LAZRQ Stock Forecast page.
Spark’s Take on LAZRQ Stock
According to Spark, TipRanks’ AI Analyst, LAZRQ is a Underperform.
The score is driven primarily by weak financial health (negative margins, negative cash flows, and negative equity) and severe bankruptcy/liquidation-related corporate event risk. Technicals reinforce the downside bias with a strong downtrend and negative momentum, while valuation offers limited support due to negative earnings and no dividend.
To see Spark’s full report on LAZRQ stock, click here.
More about Luminar Technologies
Luminar Technologies, Inc. operates in the automotive and sensing technology industry, focusing on LiDAR (light detection and ranging) solutions. The company’s business centers on LiDAR-related assets and operations, which have been undergoing a court-supervised restructuring process since it filed for Chapter 11 bankruptcy protection in the United States in December 2025.
Average Trading Volume: 26,490,981
Technical Sentiment Signal: Sell
Current Market Cap: $6.7M
For detailed information about LAZRQ stock, go to TipRanks’ Stock Analysis page.