M&A: Velodyne confirms reverse merger agreement with Graf Industrial
Merged company will be renamed to Velodyne and start trading on NYSE under a new ticker symbol to “VLDR”
Velodyne Lidar has entered a definite merger agreement with Graf Industrial, a US-based, publicly traded, special purpose acquisition company (SPAC), the two companies said in a joint press release on 2 July. The proforma market capitalization of the merged company will be around USD1.8 billion.
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