Luminar

Luminar lines up $22 million bidder for its lidar business|BREAKING:

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Luminar has reached a deal to sell its lidar business to a company called Quantum Computing Inc. for just $22 million, unless it receives better offers by a deadline of 5:00 p.m. CT on Monday. The lidar-maker, which filed for Chapter 11 bankruptcy protection in December, already announced plans to sell its semiconductor subsidiary to … Read more

Luminar claims founder Austin Russell is dodging a subpoena in the bankruptcy case|BREAKING:

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Lidar-maker Luminar says its founder and former CEO Austin Russell has been evading requests for information — including a subpoena — that the company needs in order to decide whether it should take legal action against him. The company, which entered the Chapter 11 bankruptcy process in late December, said in an emergency filing over … Read more