Portage Point Advises Luminar Technologies on Chapter 11 Proceedings and Court-supervised Sale Process

Portage Point Partners is serving as restructuring advisor to Luminar Technologies with Managing Director Robin Chiu acting as Chief Restructuring Officer in connection with the company’s Chapter 11 proceedings and court-supervised sale process.

Portage Point is advising Luminar on liquidity management, stakeholder alignment and execution of strategic alternatives. Robin Chiu leads the restructuring, overseeing cash management, creditor negotiations and coordination across advisors while guiding the company through an accelerated Chapter 11 process. She brings extensive experience leading restructurings across technology and industrial sectors, driving stakeholder consensus, enforcing disciplined milestones and positioning the business for an efficient sale and plan process.

The restructuring centers on a dual-track sale strategy designed to maximize value. Prior to the filing, Luminar entered a stalking horse agreement to sell the equity of Luminar Semiconductors, a non-debtor subsidiary housing the company’s photonics and semiconductor operations, to Quantum Computing for $110 million in cash subject to higher or better offers. Sale proceeds are expected to repay secured debt with support from a substantial majority of noteholders.

Luminar continues to operate and market its core LiDAR sensor business during the Chapter 11 cases, with the sale process supporting continued delivery of products and services.

This engagement highlights Portage Point Partners’ expertise in complex restructurings requiring operational leadership, creditor alignment and decisive execution. Learn more about our Turnaround & Restructuring Services practice.