MicroVision Announces Agreement to Acquire Luminar Assets to Accelerate Commercial Strategy and Expand Product Portfolio

Rhea-AI Summary

MicroVision (NASDAQ:MVIS) agreed to acquire certain Luminar assets for a cash purchase price of $33 million, including IP and inventory for the Iris and Halo lidar sensors, key engineering and operations talent, and select commercial contracts and orders.

The purchase followed a Section 363 auction in Luminar’s bankruptcy process. Closing is subject to customary conditions and bankruptcy court approval at a hearing on January 27, 2026, with completion expected on or shortly after February 2, 2026. Additional details will be provided on MicroVision’s next earnings call.

Positive

• Acquired Luminar lidar assets for $33 million
• Adds IP and inventory for Iris and Halo sensors
• Includes key engineering and operations talent
• Includes certain commercial contracts and orders

Negative

• Closing subject to bankruptcy court approval on Jan 27, 2026
• Transaction completion timing uncertain; expected on/after Feb 2, 2026
• Financial impact not yet disclosed; more details promised at next earnings call

Key Figures

Purchase price: $33 million Court hearing date: January 27, 2026 Expected close date: On or shortly after February 2, 2026 +1 more

4 metrics

Purchase price $33 million Cash purchase price for Luminar lidar assets under Section 363 auction

Court hearing date January 27, 2026 Bankruptcy court hearing to seek approval of acquisition

Expected close date On or shortly after February 2, 2026 Targeted closing timing for Luminar asset acquisition

Pre-news share price $0.8535 MVIS price before acquisition headline on January 27, 2026

Market Reality Check

Price: $0.9124 Vol: Volume 2,582,906 is below...

normal vol

$0.9124 Last Close

Volume Volume 2,582,906 is below the 20-day average of 3,406,593 (relative volume 0.76x). normal

Technical Shares trade below the 200-day MA of 1.12, at a price of 0.8535.

Peers on Argus

Peer moves in Scientific & Technical Instruments are modest and mixed, ranging f...

Peer moves in Scientific & Technical Instruments are modest and mixed, ranging from about -0.97% (MLAB) to +0.47% (KNW), suggesting today’s MVIS catalyst is stock-specific rather than sector-driven.

Historical Context

5 past events · Latest: Dec 16 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 16	Commercial update	Positive	+4.7%	Announced commercial momentum and initial order for MOVIA L sensors.
Nov 24	Corporate update	Positive	+4.5%	Autonomy-focused company announced new CFO and strong contracted ARR metrics.
Nov 11	Earnings release	Neutral	+0.0%	Q3 2025 results with flat revenue, lower opex, and strategic initiatives.
Nov 10	Acquisition deal	Positive	+0.0%	Agreement to acquire Scantinel Photonics FMCW lidar business and team.
Nov 06	Defense expansion	Positive	-2.8%	Established new aerial systems team and Virginia office for defense/ISR focus.

Pattern Detected

Recent MVIS news has often seen positive or strategic announcements, with mixed alignment between news tone and next-day price moves.

Recent Company History

Over the last few months, MVIS reported defense and industrial traction, leadership changes, and multiple lidar-focused strategic moves. On Nov 10, 2025 it agreed to acquire Scantinel’s FMCW lidar business, and on Dec 16, 2025 it highlighted commercial momentum for its MOVIA L sensors. Earnings on Nov 11, 2025 showed flat revenue but reduced operating expenses. The current acquisition of Luminar lidar assets continues this pattern of expanding its lidar technology and commercial footprint.

Market Pulse Summary

This announcement details MVIS’s agreement to acquire Luminar’s lidar-related IP, inventory, key sta...

Analysis

This announcement details MVIS’s agreement to acquire Luminar’s lidar-related IP, inventory, key staff, and contracts for a cash price of $33 million via a Section 363 bankruptcy process. The deal, expected to close on or shortly after February 2, 2026 pending court approval, would expand MVIS’s product portfolio and commercial relationships. In context with prior lidar-focused acquisitions and defense initiatives, investors may watch integration progress, cost discipline, and future earnings-call disclosures for evidence of commercial traction.

Key Terms

ip, lidar, section 363, u.s. bankruptcy code, +1 more

5 terms

ip technical

"including IP and inventory related to the Iris and Halo lidar sensors"

Intellectual property (IP) is the set of legal rights that protect a company’s ideas, inventions, brand names and secret methods—think of it as the recipes, blueprints and logos a business owns. For investors, IP matters because these rights can create exclusive advantages, produce licensing income, and increase a company’s value by preventing competitors from copying key products or brands. Strong, enforceable IP often signals a more defensible and potentially profitable business.

lidar technical

"including IP and inventory related to the Iris and Halo lidar sensors"

Lidar, which stands for Light Detection and Ranging, is a technology that uses laser beams to create detailed, three-dimensional maps of the environment. It works like a sophisticated eye that measures distances by bouncing light off objects, helping machines see and understand their surroundings. For investors, lidar is important because it enables advancements in autonomous vehicles, robotics, and mapping, which can drive innovation and growth in related industries.

section 363 regulatory

"at a competitive auction conducted by Luminar under Section 363 of the U.S."

A Section 363 sale is a court‑supervised process under U.S. bankruptcy law that lets a company sell assets quickly, often through an auction, with the court approving the buyer and terms. For investors, it matters because assets can change hands free of most prior claims or liabilities, which can speed recoveries, alter how much creditors receive, and affect the value or ownership prospects of related securities—think of a court‑approved auction of a store’s cash registers and inventory that removes old debts tied to them.

u.s. bankruptcy code regulatory

"conducted by Luminar under Section 363 of the U.S. Bankruptcy Code with a cash"

U.S. Bankruptcy Code is the federal law that sets the rules for how individuals and businesses can reorganize or close under court supervision, determining which debts get paid and in what order. For investors it matters because a bankruptcy filing can change or wipe out the value of equity and debt—like reorganizing a household budget when income stops—so it directly affects recovery prospects, priority of claims and timing of any payouts.

bankruptcy court regulatory

"closing of the acquisition is subject to customary conditions, including approval by the bankruptcy court."

A bankruptcy court is a specialized federal court that handles legal cases when individuals or businesses cannot pay their debts. It decides whether a company will reorganize or liquidate, how assets are collected and distributed, and which creditors get paid first — like a referee and planner dividing a broken pie. Investors watch these rulings because they determine whether equity retains value, how much creditors recover, and the timeline for any payouts, directly affecting security prices and potential returns.

AI-generated analysis. Not financial advice.

REDMOND, WASHINGTON / ACCESS Newswire / January 27, 2026 / MicroVision, Inc. (NASDAQ:MVIS), a technology pioneer delivering advanced perception solutions in autonomy and mobility, today announced that it had entered into an agreement to acquire certain assets from Luminar Technologies, Inc., including IP and inventory related to the Iris and Halo lidar sensors, key engineering and operations talent, and certain commercial contracts and orders.

MicroVision was selected as the winning bidder at a competitive auction conducted by Luminar under Section 363 of the U.S. Bankruptcy Code with a cash purchase price of $33 million for certain assets, employees, and contracts associated with Luminar's lidar business.

"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," said Glen DeVos, MicroVision's Chief Executive Officer. "Having already proven our ability to identify strategic opportunities to advance our business priorities and effectively integrate unique assets and talent into the MicroVision family, we intend to very efficiently integrate the acquired business with an intense focus on streamlining operations and managing costs."

"It's no secret that the lidar market has been ripe for disruption and in need of further consolidation," continued DeVos. "Building on our proven executive leadership in automotive, our history of developing and delivering products in defense, and now an even more expansive portfolio of technologically diverse lidar sensors and advanced perception solutions, we believe MicroVision is ready to upend the industry, enabling widespread commercial adoption and significantly increased safety."

The closing of the acquisition is subject to customary conditions, including approval by the bankruptcy court. A hearing to seek court approval is scheduled for January 27, 2026 and the acquisition is expected to be completed on or shortly after February 2, 2026. The Company expects to provide additional information regarding the acquisition at its next regularly scheduled earnings call.

About MicroVision

MicroVision is at the forefront of driving the global adoption of innovative perception solutions, with the goal of making mobility and autonomy safer. Our engineering excellence, based in Washington State, Washington D.C., as well as Hamburg and Ulm, Germany, enables us to develop and supply integrated lidar hardware and perception software solutions. Our proprietary technologies enhance safety and automation across various industrial applications, including robotics, automated warehouses, and agriculture, and are instrumental in the development of autonomous systems. MicroVision's core technology, initially developed for the automotive industry, continues to accelerate advanced driver-assistance systems (ADAS) and autonomous driving. Building on our history of providing technology to the military segment, our target offerings include semi- and fully autonomous airborne and terrestrial sensor systems. With our solid-state lidar technologies, encompassing MEMS-based long-range lidar and flash-based short-range lidar, integrated with our onboard perception software, MicroVision possesses the expertise to deliver safe mobility at the speed of life.

For more information, visit the Company's website at www.microvision.com, on Facebook at www.facebook.com/microvisioninc, and LinkedIn at https://www.linkedin.com/company/microvision/.

MicroVision, MAVIN, MOVIA, and MOSAIK are trademarks of MicroVision, Inc. in the United States and other countries. All other trademarks are the properties of their respective owners.

Forward-Looking Statements

Certain statements contained in this release, including those relating to the acquisition, including benefits, costs, synergies, capabilities, and timing; commercial advancement; technology and product capabilities and value; and statements using words such as "expects," "believes" or "intends" are forward-looking statements that involve a number of risks and uncertainties. Factors that could cause actual results to differ materially from those projected in our forward-looking statements include the following: our ability to successfully complete the acquisition and integrate the acquired business; costs associated with the acquired assets may be greater than we project; capital market risks; our ability to operate with limited cash or to raise additional capital when needed; market acceptance of our technologies and products or for products incorporating our technologies; the failure of our commercial partners to perform as expected under our agreements; our ability to identify parties interested in paying any amounts or amounts we deem desirable for the purchase or license of intellectual property assets; our or our customers' failure to perform under open purchase orders; our financial and technical resources relative to those of our competitors; our ability to keep up with rapid technological change; government regulation of our technologies; our ability to enforce our intellectual property rights and protect our proprietary technologies; the ability to obtain additional contract awards and to develop partnership opportunities; the timing of commercial product launches and delays in product development; the ability to achieve key technical milestones in key products; dependence on third parties to develop, manufacture, sell and market our products; potential product liability claims; our ability to maintain our listing on The Nasdaq Stock Market, and other risk factors identified from time to time in our SEC reports, including our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q and other reports filed with the SEC. These factors are not intended to represent a complete list of the general or specific factors that may affect us. It should be recognized that other factors, including general economic factors and business strategies, may be significant, now or in the future, and the factors set forth in this release may affect us to a greater extent than indicated. Except as expressly required by federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changes in circumstances or any other reason.

Investor Relations Contact

Jeff Christensen
Darrow Associates Investor Relations
MVIS@darrowir.com

Media Contact
Marketing@MicroVision.com

SOURCE: MicroVision, Inc.

View the original press release on ACCESS Newswire

FAQ

What assets did MicroVision (MVIS) agree to buy from Luminar on January 27, 2026?

MicroVision agreed to buy IP and inventory related to the Iris and Halo lidar sensors, key engineering and operations talent, and certain commercial contracts and orders for $33 million.

How much did MicroVision (MVIS) pay for the Luminar lidar assets?

The cash purchase price for the acquired Luminar lidar assets and related items was $33 million.

When will the MicroVision (MVIS) acquisition of Luminar assets close?

The acquisition is subject to bankruptcy court approval at a hearing on January 27, 2026 and is expected to complete on or shortly after February 2, 2026.

Does the MicroVision (MVIS) acquisition of Luminar assets include employees?

Yes, the agreement includes key engineering and operations talent as part of the purchased assets.

How will MicroVision (MVIS) disclose the financial impact of the Luminar asset purchase?

MicroVision expects to provide additional information about the acquisition's impact at its next regularly scheduled earnings call.