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Luminar Technologies, Inc. Initiates Voluntary Chapter 11 Proceedings to Facilitate Value-Maximizing Sale Process
Businesswireยท 2025-12-15 15:20
As previously announced, Luminar has engaged Weil, Gotshal & Manges LLP, as legal advisor, Jefferies LLC, as investment banking advisor, and Portage Point Partners, LLC, as restructuring advisor, to assist Luminar in analyzing and evaluating potential strategic alternatives and initiatives to improve liquidity. To facilitate these transactions, fund the chapter 11 cases and support operations throughout the marketing and sale process, the Ad Hoc Group has consented to Luminar's use of approximately $25 mill ...