Quantum Computing Inc. entered into an Purchase Agreement to acquire specified assets related to the LiDAR Business of Luminar Technologies, Inc. (OTCPK:LAZR.Q) for $22 million.
Quantum Computing Inc. (NasdaqCM:QUBT) terminated Purchase Agreement to acquire specified assets related to the LiDAR Business of Luminar Technologies, Inc. (OTCPK:LAZR.Q) for $22 million on January 11, 2026. A cash consideration of $22 million will be paid by Quantum Computing Inc. As part of consideration, $22 million is paid towards assets of LiDAR Business of Luminar Technologies, Inc. In case of termination of transaction, Quantum Computing Inc. will receive a termination fee of 3% of the cash consideration plus expense reimbursement in an amount not to exceed $0.5 million.
The transaction is subject to approval by regulatory board / committee, approval of bankruptcy court, consummation of Luminar Semiconductor, Inc. purchase agreement, and subject to antitrust regulations. The expected completion of the transaction is in the first quarter of 2026.
Marty Korman, Mark Holloway, and Catherine Riley Tzipori of Wilson Sonsini Goodrich & Rosati, P.C. acted as legal advisor and Houlihan Lokey acted as financial advisor for Quantum Computing Inc. Ronit Berkovich, Gavin Westerman, and Amanda Fenster of Weil, Gotshal & Manges LLP acted as legal advisor for Luminar Technologies, Inc.
Quantum Computing Inc. is a quantum optics and integrated photonics company focused on delivering quantum machines and photonic solutions. The Company provides foundry services for thin-film lithium niobate (TFLN) photonic chips and offers a vertically integrated portfolio spanning photonics components, subsystems, and full-stack systems. It also offers services, products, and solutions in semiconductor and nanophotonics manufacturing, lasers, detectors, testing, and packaging. The Company's portfolio of core technology and products offer capabilities in the areas of high-performance computing, artificial intelligence, cybersecurity as well as remote sensing applications. Its commercial products include Dirac-3, EmuCore, Entanglement Source, Frequency Converter, uQRNG and NeuraWave. EmuCore is a first-generation reservoir computing product. Its frequency conversion is essential for a range of applications, especially in quantum optical information processing and sensing.
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Quantum Computing Inc. entered into an Purchase Agreement to acquire specified assets related to the LiDAR Business of Luminar Technologies, Inc. (OTCPK: LAZR.Q) for $22 million.
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