Filing Alert: Luminar Technologies Chapter 11
Luminar Technologies Files Chapter 11 in Southern District of Texas
Luminar Technologies, Inc. and its debtor affiliates⁽¹⁾, an Orlando, FL-based maker of automotive sensors, filed for Chapter 11 protection on Dec. 15 in the U.S. Bankruptcy Court for the Southern District of Texas.
The company reports $189.5 million in assets and $508.2 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-90807.
⁽¹⁾ LAZR Technologies, LLC and Luminar, LLC.
Top Unsecured Claims
Key Parties
Counsel:
- Stephanie N. Morrison; Ronit J. Berkovich
Weil, Gotshal & Manges LLP
Email: stephanie.morrison@weil.com; ronit.berkovich@weil.com
Financial Advisor / CRO :
- Triple P TRS, LLC (Robin Chiu)
Investment Banker:
- Jefferies LLC
Claims Agent:
Equity Security Holders:
- Austin Russell (Director) – 100% Class B
- The Vanguard Group – 6.16% Class A
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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