Quantum Computing to buy Luminar Semiconductor for $110m

Acquisition Overview - Quantum Computing (QCi) has agreed to acquire Luminar Semiconductor (LSI) for $110 million in an all-cash deal [1] - The acquisition will provide QCi with a portfolio of photonic technologies, patents, and a skilled team from LSI [1] Strategic Intent - The deal aims to advance QCi's quantum systems for commercial deployment while supporting LSI's existing customer base [2] - QCi's CEO, Yuping Huang, stated that this acquisition is a significant step in developing practical, integrated quantum solutions [2] Revenue Opportunities - Post-closing revenue opportunities include serving and expanding LSI's current non-quantum customer base and utilizing LSI's technology to commercialize quantum appliances [3] - Luminar Semiconductor is not a debtor in Luminar Technologies' bankruptcy cases and continues to operate normally [3] Bankruptcy Court Approval - The acquisition requires approval from the bankruptcy court through a Section 363 sale process, with QCi as the proposed stalking horse bidder entitled to customary bid protections [4] - The transaction is expected to close after satisfying customary closing conditions, with anticipated bankruptcy court approval by the end of January 2026 [4] Long-term Potential - Luminar Technologies' CEO, Paul Ricci, emphasized that LSI has significant long-term potential and that the transaction with QCi will provide the necessary investment and strategic vision [5] - The collaboration is expected to accelerate market innovations and enhance customer service across advanced photonics and sensing applications [5]