Luminar Technologies' Bankruptcy Filing: What You Need to Know
ByAinvest
Monday, Dec 22, 2025 12:08 pm ET1min read
LAZR--
Luminar Technologies (LAZR) stock is plummeting today due to the company's voluntary Chapter 11 bankruptcy filing to facilitate a court-supervised sale of its assets and address debt obligations. The bankruptcy is part of a strategic push to maximize value, and the company has entered into a restructuring agreement backed by 91.3% of its first lien noteholders and 85.9% of its second lien noteholders. LAZR shares are down 64.53%, trading near their 52-week low.
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