Graf Industrial Corp. (NYSE:GRAF) announced this afternoon that it had closed its business combination with autonomous vehicle technology company Velodyne Lidar after shareholders voted to approve the deal earlier in the day.
The combined company’s shares and warrants will begin to trade on the Nasdaq under the symbols “VLDR” and “VLDRW” tomorrow, Wednesday, September 30.
The press release did not disclose the totals for the merger vote or other items on the agenda at the special meeting, but it appears that Graf was able to avoid any bumps in the road unlike some other SPACs this week.
Graf announced its business combination agreement with Velodyne Lidar July 2 and like many of the “deals with wheels” rolling through it has been positively received by the market with shares closing at $24.75.
For all of the proposals voted on in the special meeting click HERE.
NMP Acquisition Corp. (NASDAQ:NMPAU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NMPAU”, Tuesday, July 1, 2025. The new SPAC plans to combine with a target company that has a resilient business model with potential to scale up revenue. NMP’s management...
Cohen Circle Acquisition Corp. II (NASDAQ:CCIIU) announced the pricing of its $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CCIIU”, Tuesday, July 1, 2025. The new SPAC plans to combine with a target company in the financial services technology (fintech) sector and fintech adjacent sectors that...
Indigo Acquisition Corp. (NASDAQ:INACU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “INACU”, Tuesday, July 1, 2025. The new SPAC plans to combine with an established, profitable company whose growth potential can benefit from its team’s expertise. Indigo’s management team is...
After a quiet June, July is set to be active throughout the month with nine de-SPACs and sponsors coming unlocked from their trading restrictions. This timing is most fortuitous for insurance investor Abacus Life (NASDAQ:ABL) and East Resources, which took it public in 2023, as it is the best performer of this group of companies...
Pyrophyte II (NYSE:PAII.U) has filed for a $175 million SPAC to dig for a natural resources target while the team’s first deal remains pending. The new SPAC is offering investors 1/2 warrants in each unit and it will have 24 months to complete a business combination without asking shareholders for an extension. It is the...