Weil is advising Luminar Technologies, Inc., a global technology company focused on LiDAR and photonics solutions, in the sale process for the company’s LiDAR assets and the successful negotiation of a stalking horse agreement with Quantum Computing, Inc. (QCi), an innovative quantum optics and integrated photonics technology company, following Quantum’s previously announced agreement to acquire Luminar’s other business, Luminar Semiconductor, Inc. Under the stalking horse agreement, QCi has agreed to serve as the initial bidder for the remaining Luminar assets at a purchase price of approximately $22 million, subject to higher or better offers received through the auction process and other customary terms and conditions.

It is expected that the transaction will close in the first quarter of 2026. This proposed transaction will be completed in connection with Luminar's ongoing Chapter 11 process and is subject to approval by the U.S. Bankruptcy Court and the completion of a court-supervised auction and sale process.

Luminar's LiDAR hardware and software platforms leverage a high-performance optical architecture designed for light detection in demanding applications.

The Weil team is led by Mergers & Acquisitions partners Gavin Westerman and Amanda Fenster and includes Mergers & Acquisitions counsel Barrett Schitka and associate Stephanie Peterson; Restructuring Co-Chair Ronit Berkovich, partners Jessica Liou and Stephanie Morrison and associate Austin Crabtree; Banking & Finance partner Brendan Conley; Capital Markets partner Merritt Johnson; counsel Stefan Tsourovakas and associate Federica Marini; Tax partner Alfonso Dulcey, counsel Blake Bitter and associate Sydnei Jones; Securities Litigation partner Robert Stern and associate Amber Venturelli; Governance, Securities and Reporting Co-Head Lyuba Goltser and partner Steven Bentsianov; and Regulatory Transactions partner Shawn Cooley.