Luminar Technologies, Inc./DE 8-K

What Happened

• Luminar Technologies, Inc. and certain subsidiaries (the “Debtors”) continue Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas (main case No. 25-90807 (CML)). On December 30, 2025 the court entered a Bidding Procedures Order and the Debtors filed a Chapter 11 Plan of Liquidation and related Disclosure Statement. On December 31, 2025 two additional subsidiaries (Condor Acquisition Sub I, Inc. and Condor Acquisition Sub II, Inc.) filed chapter 11 petitions (cases 25-90819 and 25-90820) and intend to seek joint administration with the existing cases.
• The Plan contemplates a liquidation of the Debtors’ remaining assets and distribution of proceeds to stakeholders. The Debtors continue to operate as debtors-in-possession under court supervision. The Disclosure Statement has been submitted but not yet approved by the Bankruptcy Court.

Key Details

• Bidding procedures approved by the Bankruptcy Court on December 30, 2025; potential bidders must submit bids by January 9, 2026 at 5:00 p.m. CT.
• Objections to proposed sale transactions or certain indenture-related actions are due January 20, 2026 at 4:00 p.m. CT.
• Plan and Disclosure Statement were filed December 30, 2025; filing is not a solicitation — votes cannot be solicited until the court approves the Disclosure Statement.
• Court docket and claims agent materials are available at https://omniagentsolutions.com/Luminar and via PACER.

Why It Matters

• This filing signals the Debtors’ intent to liquidate remaining assets rather than reorganize, which may affect recoveries for shareholders, creditors and other stakeholders. Key next steps — the auction process and court approval of the Disclosure Statement — set deadlines that will determine whether and how assets are sold and how proceeds are distributed. Retail investors should note that plan approval is not guaranteed and that common equity holders typically are low in priority in chapter 11 liquidations.