---

         T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, February 7, 2026, Vol. 30, No. 38

                            Headlines

LUMINAR TECHNOLOGIES: Posts $55.6 Million Net Loss in December 2025

                            *********

LUMINAR TECHNOLOGIES: Posts $55.6 Million Net Loss in December 2025
-------------------------------------------------------------------
Luminar Technologies, Inc., et al. filed with the U.S. Securities
and Exchange Commission a monthly operating report for the period
ended December 31, 2025.

The Debtors' statement of operations reflected a net loss of $55.6
million for the month.

As of December 31, 2025, the Debtors reported $263.1 million in
total assets, $560.8 million in total liabilities, and -$297.7
million in total equity.

The Debtors started the month with $25.6 million in cash. They
reported $3.4 million in total receipts, and $7.1 million in total
disbursements. At month end, the Debtors had $22.1 million in
cash.

A copy of the monthly operating report is available at the SEC at:

                     https://tinyurl.com/2pjhhfeh

                    About Luminar Technologies Inc.

Luminar Technologies Inc. is an automotive lidar manufacturer.

Luminar Technologies Inc. and affiliates sought relief under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case
No. 25-90808) on December 15, 2025. In its petition, Luminar
reported estimated assets between $100 million and $500 million and
estimated liabilities between $500 million and $1 billion.

Luminar is represented by Ronit J. Berkovich, Esq., and Stephanie
Nicole Morrison, Esq., at Weil, Gotshal & Manges LLP. The Company
engaged Jefferies LLC, as investment banking advisers, and Portage
Point Partners, LLC's Triple P TRS, LLC as restructuring advisor
and to provide interim management services for the Company. Omni
Agent Solutions, Inc. serves as the claims and noticing agent.

Quantum Computing Inc., the proposed buyer for the Debtors' assets,
is represented by Marty Korman, Esq., and Mark Holloway, Esq., and
Catherine Riley Tzipori, Esq., at Wilson Sonsini Goodrich & Rosati
Professional Corporation, in Palo Alto, California.

Ropes & Gray, LLP, serves as legal advisors and Ducera Partners
LLC, acts as investment banker for the holders of Floating Rate
Senior Secured Notes due 2028; 9.0% Convertible Second Lien Senior
Secured Notes due 2030 -- Series 1 Notes -- and 11.5% Convertible
Second Lien Senior Secured Notes due 2030 -- Series 2 Notes.  GLAS
Trust Company LLC, serves as Trustee and Collateral Agent for both
the 1L and 2L Notes.


                            *********

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA.
Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante,
Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon,
Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and
Peter A. Chapman, Editors.

Copyright 2026.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The single-user TCR subscription rate is $1,400 for six months
or $2,350 for twelve months, delivered via e-mail.  Additional
e-mail subscriptions for members of the same firm for the term
of the initial subscription or balance thereof are $25 each per
half-year or $50 annually.  For subscription information, contact
Peter A. Chapman at 215-945-7000.

                   *** End of Transmission ***