Luminar Technologies, Inc./DE 8-K

What Happened

• Luminar Technologies, Inc. (LAZRQ) announced the Bankruptcy Court confirmed its Fourth Amended Chapter 11 Plan of Liquidation and that the Confirmed Plan became effective on April 6, 2026. The company completed prior asset sales (Luminar Semiconductor, Inc. sold Feb 2, 2026; LiDAR business sold Feb 3, 2026) and ceased operating except to wind down remaining matters. Under the Confirmed Plan, assets and liabilities vest in a liquidating trust and equity holders will receive no recovery.

Key Details

• Bankruptcy petitions were filed Dec 15 and Dec 31, 2025; cases are jointly administered under Case No. 25-90807 (CML).
• LSI was sold to Quantum Computing Inc. on Feb 2, 2026; the LiDAR business was sold to MicroVision, Inc. on Feb 3, 2026.
• The Confirmation Order was entered April 3, 2026; the Confirmed Plan became effective April 6, 2026.
• On the Effective Date all pre‑Effective Date common stock and related rights were canceled, and all directors and officers (including CEO Paul Ricci and CFO Thomas Beaudoin) were deemed to have resigned; the liquidation trustee now controls the debtors.

Why It Matters

• For investors, this filing confirms a formal wind‑down: common equity holders will not recover value under the Confirmed Plan and pre‑existing shares and related rights are canceled. Control of the company transferred to a liquidating trust, and the company has ceased ongoing business operations aside from the liquidation process. Remaining matters will proceed through the Chapter 11 wind‑down and any distributions (if any) will be governed by the Confirmed Plan.