04:30 AM EST, 02/03/2026 (MT Newswires) -- Quantum Computing ( QUBT ) said late Monday it completed its acquisition of Luminar Semiconductor from Luminar Technologies ( LAZRQ ) in a roughly $110 million all-cash deal.

The company expects the acquisition to add annual revenue to its financial profile. Luminar Semiconductor will operate as a 100%-owned unit of Quantum Computing ( QUBT ).

Quantum Computing ( QUBT ) also said it recently submitted a stalking horse bid for certain Luminar Technologies LiDAR assets, but it ultimately decided against pursuing the deal.

Quantum Computing ( QUBT ) shares were up 2.9% in recent premarket activity Tuesday.