Velodyne Closes Business Combination with Graf and Listed on Nasdaq Today

Velodyne Lidar announced on September 29 that it has completed the business combination with Graf Industrial. The LiDAR producer reported in July this year that it will go public through the combination. The two companies have closed the combination and Velodyne has became a wholly owned subsidiary of Graf which changed its name to Velodyne Lidar.

Beginning on Wednesday, September 30, 2020, the common stock and warrants of Velodyne Lidar, Inc., the post-combination company, is being listed and to begin trading on The Nasdaq Global Select Market under the ticker symbols “VLDR” and “VLDRW,” respectively. Graf’s units, common stock and warrants ceased trading on the New York Stock Exchange on September 29.

LiDAR companies are speeding up their path to go public. In addition to Velodyne Lidar, Luminar, the LiDAR startup working with Volvo and Audi, also announced in August that it is merging with Gores Metropoulos for becoming one of the listed stock on Nasdaq.

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