Luminar Announces Sale of Photonics Business to Quantum Computing Inc. for $110 Million

Core Viewpoint - Luminar Technologies, Inc. has announced an agreement for Quantum Computing Inc. to acquire its wholly owned subsidiary, Luminar Semiconductor, Inc., for $110 million in cash [1] Group 1: Company Overview - Luminar Technologies is a leading global technology company focused on advanced technologies [1] - Luminar Semiconductor, Inc. is a wholly owned subsidiary of Luminar [1] Group 2: Transaction Details - The acquisition by Quantum Computing Inc. is valued at $110 million [1] - The transaction is an all-cash deal [1] Group 3: Acquirer Profile - Quantum Computing Inc. specializes in integrated photonics and quantum optics technology [1] - The company focuses on photonics-driven technology [1]