Menu

M&A: Velodyne confirms reverse merger agreement with Graf Industrial

News
Acquisition, divestment & Spinoff

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.

Thank you for visiting IHS Automotive AutoTechInsight.

*A subscription to News & Analysis includes four IHS Markit-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Services. Please click here to subscribe.

For a free daily listing of headlines with limited access please sign up here.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload