MicroVision, Inc. (NasdaqGM:MVIS) entered into an agreement to acquire specified assets related to the LiDAR Business of Luminar Technologies, Inc. (OTCPK:LAZR.Q) for $33 million on January 26, 2026. A cash consideration of $33 million will be paid by MicroVision, Inc.

The closing of the acquisition is subject to customary conditions, including approval by the bankruptcy court and is expected to be completed on or shortly after February 2, 2026.

Gregg Galardi, David Harris and Tom Fraser of Ropes & Gray, LLP acted as legal advisor to MicroVision, Inc. and Weil, Gotshal & Manges, LLP acted as legal advisor to Luminar Technologies, Inc.