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

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.

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