MicroVision Signs Agreement To Acquire Certain Assets From Luminar Technologies For $33M In Cash

MicroVision, Inc. (NASDAQ:MVIS), a technology pioneer delivering advanced perception solutions in autonomy and mobility, today announced that it had entered into an agreement to acquire certain assets from Luminar Technologies, Inc., including IP and inventory related to the Iris and Halo lidar sensors, key engineering and operations talent, and certain commercial contracts and orders.

MicroVision was selected as the winning bidder at a competitive auction conducted by Luminar under Section 363 of the U.S. Bankruptcy Code with a cash purchase price of $33 million for certain assets, employees, and contracts associated with Luminar's lidar business.