Luminar Technologies plunges after initiating Chapter 11 proceedings
ReutersDec 15, 2025 5:11 PM
Shares of automotive technology firm Luminar Technologies LAZR.O plunge 64.7%
Co initiates voluntary Chapter 11 proceedings; expects to operate business and maintain delivery of its lidar hardware and software during the process
LAZR also announces sale of its photonics business to Quantum Computing QUBT.O for $110 mln in all-cash transaction
While co has taken steps to cut costs and streamline operations, "our legacy debt obligations and the pace of industry adoption have challenged our ability to operate the business in a sustainable way" - LAZR CEO Paul Ricci
Co says its board determined that a court-supervised sale process was the best path forward following a comprehensive review of its options
Up to last close, LAZR had fallen ~83% YTD
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
National Debt Bomb Ignited? Musk Warns U.S. Will Be 1000% Bankrupt Without AI
TradingKey - Tesla (TSLA) CEO Elon Musk recently issued another warning regarding the rapidly ballooning U.S. national debt. He stated clearly that without artificial intelligence and robotics, the United States will inevitably head toward fiscal bankruptcy.TradingKey
9 hours ago
Tesla Stock Outlook: Competing With Rivian, Robotaxi Potential, and 2026 Prospects
There is much conversation about the prospect of investing in Tesla (TSLA) as we move closer to 2026. The volatility of its share price in 2025 is leading many investors to consider if they should purchase shares of Tesla given the alternatives available in terms of electric vehicles (Rivian, etc.).TradingKey
9 hours ago
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.TradingKey
Fri, Feb 6
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 marketTradingKey
Wed, Feb 4
