Quantum Computing chosen as stalking horse bidder for Luminar assets

Quantum Computing (QUBT) announced that, following its previously announced agreement to acquire Luminar Semiconductor, it has submitted a bid and has been selected as the stalking horse bidder for selected remaining assets of Luminar Technologies. This proposed transaction will be completed in connection with Luminar’s ongoing Chapter 11 process and is subject to approval by the U.S. Bankruptcy Court and the completion of a court-supervised auction and sale process. Under the stalking horse agreement, QCi has agreed to serve as the initial bidder for the remaining Luminar assets at a purchase price of approximately $22M, subject to higher or better offers received through the auction process and other customary terms and conditions. If approved, QCi expects the transaction to close in the first quarter of 2026.