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Stock Markets January 27, 2026

MicroVision Agrees to Buy Luminar Lidar Assets for $33 Million, Shares Tick Higher

Deal covers IP, inventory for Iris and Halo sensors, select talent and contracts via bankruptcy auction

By Derek Hwang MVIS
MicroVision Agrees to Buy Luminar Lidar Assets for $33 Million, Shares Tick Higher
MVIS

MicroVision Inc said it won a bankruptcy-auction bid to acquire certain Luminar Technologies assets for $33 million in cash, a move that lifted its stock by about 4% on Tuesday. The purchase includes intellectual property and inventory tied to the Iris and Halo lidar sensors, select engineering and operations personnel, and specific commercial contracts and orders. The transaction is subject to U.S. bankruptcy court approval and has scheduled court and closing dates.

Key Points

  • MicroVision will acquire Luminar IP and inventory tied to the Iris and Halo lidar sensors, plus certain engineering and operations talent and commercial contracts, for $33 million in cash.
  • The company emerged as the winning bidder at a competitive auction conducted under Section 363 of the U.S. Bankruptcy Code.
  • The deal is pending bankruptcy court approval with a hearing set for January 27, 2026 and an expected closing on or shortly after February 2, 2026; MicroVision will provide more details on its next earnings call.

MicroVision Inc (NASDAQ:MVIS) stock rose roughly 4% on Tuesday after the perception-solutions company disclosed an agreement to purchase selected assets from Luminar Technologies through a bankruptcy auction process.

Under the terms announced, MicroVision will pay $33 million in cash to acquire Luminar intellectual property and inventory specifically associated with the Iris and Halo lidar sensors. The package also includes certain engineering and operations staff, alongside designated commercial contracts and outstanding orders tied to those products. MicroVision was named the winning bidder following a competitive sale conducted under Section 363 of the U.S. Bankruptcy Code.

MicroVision’s chief executive, Glen DeVos, framed the acquisition as a strategic step to speed up the company’s commercial goals and continue development work on products created by the Luminar team. "We are thrilled with this opportunity to strategically accelerate MicroVision’s commercial objectives and to further progress the unique products developed by the Luminar team," he said. He added that MicroVision plans to "efficiently integrate the acquired business with an intense focus on streamlining operations and managing costs."

DeVos also characterized the transaction as part of industry consolidation, saying the lidar market has been "ripe for disruption and in need of further consolidation." MicroVision said it expects the larger portfolio of lidar sensors and perception solutions to support broader commercial uptake.

The purchase remains subject to approval by the bankruptcy court; a hearing is scheduled for January 27, 2026. MicroVision indicated the acquisition is expected to close on or shortly after February 2, 2026. The company plans to share further details during its next earnings call.

Context for markets and sectors

  • Capital markets: MicroVision shares reacted positively to the acquisition announcement, reflecting investor sentiment around the deal.
  • Autonomous systems and advanced sensors: The addition of Iris and Halo technologies expands MicroVision’s lidar product lineup and related commercial contracts.
  • Corporate consolidation in lidar: The transaction represents a consolidation step within the lidar industry prompted by the bankruptcy sale process.

Risks

  • The transaction remains subject to bankruptcy court approval, creating judicial and procedural uncertainty for completion - impacting corporate and legal sectors.
  • The planned closing date is contingent and may shift, which could affect MicroVision’s timing for integrating the assets and realizing commercial benefits - impacting capital markets and operations.
  • Successful integration and cost management are not guaranteed; MicroVision has signaled a focus on streamlining operations and managing costs, highlighting operational and execution risk for engineering and manufacturing efforts.

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