Velodyne Lidar and Graf Industrial Corp. Announce Business Combination to Form Leading Publicly-Traded Lidar Technology Company
Summary
Current Velodyne shareholders, including David Hall and strategic investors Ford, Baidu, Inc., Nikon Corporation and Hyundai Mobis, will retain an equity interest of more than 80% in the combined company. Halls invention revolutionized perception for autonomy and advanced driver assistance systems ("ADAS") in automotive, plus new mobility, mapping, robotics and security applications. Today, Velodyne offers a high-performance product line with a broad range of sensing solutions, including the cost-effective Puck™, the versatile Ultra Puck™, the autonomy-advancing Alpha Prime™, the ADAS-optimized Velarray™ and the software for driver assistance, Vella™. As a first-mover, Velodyne has been able to establish several defendable moats around its business, including customer entrenchment, an extensive patent portfolio, a broad product offering and commercial scale manufacturing capabilities. Please click the link below to join the webinar: https://velodyne.zoom.us/j/92925952171 Or iPhone one-tap: US: +16699006833,,92925952171# or +13462487799,,92925952171# Or Telephone: Dial (for higher quality, dial a number based on your current location): +1 669 900 6833 (San Jose) +1 346 248 7799 (Houston) +1 253 215 8782 (Tacoma) +1 646 876 9923 (New York) +1 301 715 8592 (Germantown) +1 312 626 6799 (Chicago) 877 853 5257 (Toll Free) 855 880 1246 (Toll Free) Webinar ID: 929 2595 2171 International numbers available: https://velodyne.zoom.us/u/abAhFSIUhS In addition, GRAF will file an investor presentation with the SEC on July 2, 2020, which can be viewed on the SEC website at www.sec.gov.