MicroVision Signs Agreement To Acquire Certain Assets From Luminar Technologies For $33M In Cash

MicroVision, Inc. has signed an agreement to acquire certain assets from Luminar Technologies for $33 million in cash. The acquisition includes intellectual property, inventory related to the Iris and Halo lidar sensors, key engineering talent, and commercial contracts. MicroVision was the winning bidder in a competitive auction conducted under Section 363 of the U.S. Bankruptcy Code.