Luminar’s market cap surged to over $12 billion shortly after its IPO in 2020, but gradually lost value and fizzled after losing a key supply contract with Volvo in November.

Lidar company Luminar has filed for Chapter 11 bankruptcy protection after months of layoffs, executive departures, and a legal fight with its largest customer, Volvo. The company aims to sell off its ...

The company has suspended 2025 financial guidance and paused equity, credit, and preferred stock financing programs while evaluating strategic alternatives and negotiating with noteholders. Ricci ...