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.
Evolution Global (NASDAQ:EVOXU) has filed for a $150 million SPAC to hunt for a domestic critical materials target just as the trade war heats up again. With this final S-1 filing of July, underwriter Cohen & Company put a pin in the new SPAC generation for the month. This brought July’s new SPAC filings to...
In July 2025, the SPAC market continued to show signs of resilience, even as shareholder activity moderated slightly from the previous month. Extension votes remained steady, with most proposals approved and many SPACs still early in their extension cycles. Although only one business combination received shareholder approval, four deals were ultimately completed during the month,...
At the SPAC of Dawn Just when the market thought it might have had a handle on this year’s sources of uncertainty, tariffs have once again returned to complicate the picture. The “reciprocal” tariffs announced and then postponed by the Trump administration are set to snap back in to force on August 7. For some...
HCM III Acquisition Corp. (NASDAQ:HCMAU) announced the pricing of its $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HCMAU”, Friday, August 1, 2025. The new SPAC intends to focus on identifying businesses which provide disruptive technology or innovations within the financial services industry. HCM III is led...
Melar I (NASDAQ:MACI) has entered into a definitive agreement to combine with Italian e-commerce firm Everli at a pro forma enterprise value of $247 million. Everli delivers groceries to consumers via in-store shoppers at a wide range of retailers in the Italian market. The combined company is expected to trade on the Nasdaq under the...