Quantum Computing (QCi) has agreed to accumulate Luminar Semiconductor (LSI), a completely owned subsidiary of Luminar Applied sciences, in an all-cash deal valued at $110m.
The acquisition would carry QCi a portfolio of photonic applied sciences, patents, and a group of engineers and scientists from Luminar Semiconductor.
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Luminar Semiconductor produces and sells photonic parts which might be described as essential to QCi’s know-how roadmap.
Via the deal, Quantum Computing goals to advance its quantum techniques for business deployment, whereas supporting Luminar Semiconductor’s current buyer base.
In the meantime, Luminar Applied sciences has filed voluntary Chapter 11 instances within the US Chapter Courtroom for the Southern District of Texas.
QCi board chair and CEO Yuping Huang mentioned: “This acquisition represents a significant step ahead in our technique to develop and scale sensible, built-in quantum options.
“The post-closing income alternative will probably be two-fold: to serve and develop LSI’s present non-quantum buyer base; and to utilise LSI’s know-how and merchandise to drive the commercialisation of quantum home equipment in our focused markets.”
Luminar Semiconductor just isn’t a debtor in these instances and continues to function within the strange course.
As Luminar Semiconductor is a subsidiary of Luminar Applied sciences, the deal would want approval from the chapter court docket via a Part 363 sale course of.
QCi has agreed to be the proposed stalking horse bidder for this course of and will probably be entitled to customary bid protections.
The events count on to shut the transaction after satisfying customary closing circumstances, together with receiving chapter court docket approval, which they anticipate by the tip of January 2026.
Luminar Applied sciences CEO Paul Ricci mentioned: “LSI is a high-quality enterprise with important long-term potential, and this transaction with QCi offers the funding and strategic imaginative and prescient wanted to understand that potential.
“By bringing collectively QCi’s and LSI’s complementary capabilities and engineering strengths, they may have the ability to carry improvements to market sooner and higher serve their prospects throughout a broad set of superior photonics and sensing functions.”
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