Quantum Computing Inc. (QCi) has been selected as the initial or "stalking horse" bidder to acquire the remaining lidar assets of Luminar Technologies for approximately $22 million. [1, 5, 6] The proposed deal is part of Luminar's ongoing Chapter 11 bankruptcy proceedings and requires approval from the U.S. Bankruptcy Court. [1, 4, 5] The agreement is subject to a court-supervised auction where higher bids could be accepted, with the transaction expected to close in the first quarter of 2026 if approved. [1, 5]
This bid follows QCi's previously announced agreement to acquire Luminar Semiconductor, Inc., a subsidiary of Luminar, for $110 million. [2, 5] The acquisition of the lidar business is intended to expand QCi's capabilities across the photonics value chain, from chip design to full system deployment. [5, 9] QCi expects the assets to contribute immediate revenue and plans to retain key technical and manufacturing teams from Luminar to support the business. [1, 4, 6]