MicroVision wins $33 million bid for Luminar's LiDAR assets

MicroVision, Inc. emerged as the winning bidder for Luminar Technologies Inc.'s (OTC: LAZRQ) LiDAR business assets with a $33 million cash offer, according to a company statement. The bankruptcy court for the Southern District of Texas approved the asset purchase agreement on January 27, 2026.

Luminar filed for Chapter 11 bankruptcy protection on December 15, 2025. The company held an auction on January 26, 2026, following court-approved bidding procedures. MicroVision's bid exceeded an initial $22 million offer from Quantum Computing Inc., which served as the stalking horse bidder.

Under the purchase agreement, MicroVision will acquire specified LiDAR business assets and assume certain liabilities. The transaction requires standard closing conditions, including accurate representations and warranties from both parties and compliance with agreement obligations.

Luminar will pay Quantum Computing a $660,000 break-up fee and reimburse up to $500,000 in documented expenses from the sale proceeds. Quantum Computing's original asset purchase agreement will terminate upon completion of the MicroVision transaction.

The deal must close by March 12, 2026, subject to specified extensions. Either party may terminate the agreement under certain circumstances, including failure to meet the closing deadline or specific bankruptcy court actions.

The information is based on Luminar's disclosure statement regarding the bankruptcy proceedings and asset sale process.

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