MicroVision to Acquire Luminar's Lidar Sensor Assets For $33M Following Bankruptcy Court Approval

 

On January 26, 2026 (the "Signing Date"), MicroVision, Inc. ("MicroVision" or the "Company") entered into an Asset Purchase Agreement (the "Asset Purchase Agreement") with Luminar Technologies, Inc. ("Luminar"), pursuant to which MicroVision has agreed to acquire from Luminar certain assets related to Luminar's lidar sensor business, including intellectual property and inventory related to its Iris and Halo sensors. The acquisition does not include the photonics business historically conducted by Luminar Semiconductor, Inc. Luminar is a technology company specializing in advanced lidar hardware and software solutions to enable the world's safest and smartest vehicles.

 

MicroVision was selected as the winning bidder at a competitive auction conducted by Luminar under Section 363 of the U.S. Bankruptcy Code. Pursuant to the terms and subject to the conditions set forth in the Asset Purchase Agreement, the purchase price MicroVision will pay to Luminar upon the closing of the transactions contemplated by the Asset Purchase Agreement (the "Closing," and the date on which the Closing occurs, the "Closing Date") in consideration for the identified assets is $33,000,000 (the "Purchase Price"), subject to potential adjustment on the terms set forth in the Asset Purchase Agreement. MicroVision expects to fund the acquisition with current cash on hand.

 

MicroVision's and Luminar's obligations to complete the transactions are subject to customary closing conditions.

 

On January 27, 2026, the U.S. Bankruptcy Court approved the Asset Purchase Agreement and the transactions contemplated therein.