UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38791 LUMINAR TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...

Luminar Media Group - Fortun - Provides General Business Update on Corporate Initiatives ELEMENT--Back to the Newsroom# Luminar Media Group - Fortun - Provides General Business Update on Corporate InitiativesMIAMI, FL / ACCESS Newswire/ March 13, 2026 / Luminar Media Group, Inc. (OTCID:LRGR) ("Luminar" or the "Company"), a diversified financial holding company focused on revenue-based financing solutions for small and mid-sized businesses and operating under the Fortun brand, today provided a general busine ...

Company Engages Consultant and Enters Underwriting Discussions with Prospective Credit Providers as Part of Strategy to Scale Originations Without Equity Dilution MIAMI, FLORIDA / ACCESS Newswire / March 11, 2026 / Luminar Media Group, Inc. (OTCID:LRGR) ("Luminar" or the "Company"), a diversified financial technology holding company focused on revenue-based financing through its Fortun platform today provided a corporate update regarding a financing initiative designed to support the continued expansion of ...

Core Viewpoint - Luminar Media Group, Inc. is rebranding itself as Fortun Corp. to align its corporate identity with its Fortun platform, focusing on revenue-based financing [1] Group 1 - The company filed for a corporate name change to Fortun Corp. on March 6, 2026 [1] - The trading symbol will change to FRTU, which was previously reserved by the company [1] - The name and ticker change are subject to regulatory review and processing [1]

Core Insights - Luminar Media Group, Inc. will present at the Prime Microcaps Investor Conference on March 13, 2026, in Fort Lauderdale, Florida, co-hosted by GeoInvesting & MS Microcaps [1] - The conference aims to connect presenting companies with sophisticated individual investors, family offices, and institutional firms, focusing on fundamental analysis and long-term value creation [1] Company Overview - Luminar Media Group operates through its subsidiaries under the Fortun brand, providing revenue-based financing solutions primarily to small and medium-sized businesses in the United States [1] - The company's mission is to empower underserved entrepreneurs, particularly within Latino and minority business communities, by offering accessible, transparent, and data-driven capital alternatives [1] - Fortun's technology-enabled platform evaluates ACH activity, sales data, and other financial indicators to deliver rapid funding decisions and support sustainable growth [1]

Core Viewpoint - Luminar Media Group has appointed Juan M. Sese as Chief Financial Officer to enhance corporate governance and support its capital markets strategy and long-term growth [1]. Group 1: Appointment and Role of CFO - Juan M. Sese has been integral to Fortun's vision and has contributed significantly to establishing financial discipline within the company [2]. - Sese's transition from Vice President of Finance at Fortun Advance to CFO is expected to bring continuity and experienced leadership at a critical time for the company [2]. - With over 25 years of experience in finance, strategy, and corporate development, Sese has a strong background in business strategy, private equity, and mergers and acquisitions [2]. Group 2: Company Overview and Mission - Luminar Media Group operates through its subsidiaries under the Fortun brand, providing revenue-based financing solutions primarily to small and medium-sized businesses in the U.S. [4]. - The company's mission focuses on empowering underserved entrepreneurs, particularly within Latino and minority communities, by offering accessible and transparent capital alternatives [4]. - Fortun's technology-enabled platform evaluates various financial indicators to deliver rapid funding decisions, supporting sustainable growth for its clients [4]. Group 3: CFO's Vision and Focus - Sese emphasizes that Fortun is a disciplined, data-driven platform capable of responsible scaling, addressing the real demand from underserved small businesses [3]. - As CFO, Sese aims to strengthen reporting and controls, optimize capital and liquidity, and ensure that growth translates into durable cash flow and long-term shareholder value [3].

Core Insights - Quantum Computing Inc. (QCi) has completed the acquisition of Luminar Semiconductor, Inc. for $110 million, marking a significant step in its strategy to become a vertically integrated provider of photonics and quantum technology [1][2][3] Group 1: Acquisition Details - The acquisition is expected to enhance QCi's technology roadmap and add annual revenue to its financial profile [2] - LSI will operate as a wholly owned subsidiary of QCi, maintaining its commercial relationships in aerospace, defense, and industrial markets, which provide near-term revenue visibility [5] Group 2: Strategic Importance - The acquisition allows QCi to integrate its thin-film lithium niobate (TFLN) platform with LSI's capabilities in lasers, detectors, and manufacturing, enabling end-to-end control of photonic system design [3] - This integration positions QCi to deliver chip-scale quantum hardware that operates at room temperature, moving away from large cryogenic systems [3] Group 3: Market Positioning - The transaction aligns with U.S. demand for domestic technology solutions and reshoring initiatives, enhancing QCi's ability to serve government and defense-related customers [4] - QCi aims to leverage LSI's experience and extensive patent portfolio to advance its quantum innovations from technology to scalable manufacturing [5]

Core Insights - Luminar's founder and former CEO Austin Russell has agreed to accept an electronic subpoena for information related to the company's ongoing bankruptcy proceedings, with specific timelines for compliance outlined in a recent filing [1][2] Group 1: Legal Proceedings - Russell had previously been accused of avoiding the subpoena by not allowing process servers access to his Florida mansion, and he expressed concerns about the protection of his personal information [2] - The two parties have reached an agreement to clarify how Russell's personal information will be handled during the subpoena process [2] - Luminar has been seeking information from Russell since his resignation, as it considers potential legal action against him [6] Group 2: Bankruptcy and Asset Sales - Luminar filed for Chapter 11 bankruptcy protection in December after losing significant contracts with major customers such as Volvo and Mercedes-Benz, alongside increasing competition from Chinese lidar companies [3] - The company has reached a deal to sell its lidar assets to Quantum Computing Inc. for $22 million and is also attempting to sell its semiconductor division for $110 million [4] - An auction is scheduled for the end of the month to solicit bids that may exceed QCI's offer [4] Group 3: Russell's Interest in Luminar - Russell attempted to buy Luminar in October, following his resignation due to an ethics inquiry, but before the bankruptcy filing [5] - His new venture, Russell AI Labs, has indicated interest in submitting a bid for Luminar's lidar assets, although no formal offer has been made yet [5]

Core Insights - The company has achieved its seventh consecutive quarter of growth, indicating a strong upward trend in its performance [1] - Record funding volume was reported for Q4 2025, with gross funding volume increasing by more than 109% compared to Q4 2024 [1] - For the full year 2025, gross funding volume rose by over 280% from 2024, showcasing significant year-over-year growth [1] Financial Metrics - Preliminary gross funding volume for Q4 2025 reached $3.9 million, marking a substantial increase from $3.9 million in Q4 2024 [1]

Core Viewpoint - Luminar Technologies (LAZR) shares experienced a significant increase despite the company filing for Chapter 11 bankruptcy after losing a crucial contract with Volvo, indicating a complex market reaction to its financial distress [1][5]. Group 1: Financial Situation - Luminar Technologies has filed for Chapter 11 bankruptcy, highlighting severe financial distress and a lack of viable paths forward [5][6]. - The loss of Volvo as a key customer has eliminated a major revenue stream for the company [5]. - The sale of its semiconductor business to Quantum Computing for approximately $110 million is primarily aimed at raising cash to pay creditors rather than fostering innovation [1][5]. Group 2: Stock Performance and Market Sentiment - Despite the bankruptcy filing, LAZR shares more than doubled in value on a single day, driven by momentum rather than fundamental support [1][3]. - The stock is currently trading at less than $0.50, making it highly susceptible to speculative trading and price manipulation [3][6]. - Wall Street analysts have a mean price target of $2 for LAZR shares, suggesting a potential upside of over 300%, although this outlook may diminish following the bankruptcy filing [7][8].