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.
Columbus Acquisition Corp (NASDAQ:COLAU) has filed for a $57.5 million IPO to give its team a second vehicle in circulation to hunt for deals. The same team IPO’d Eureka (NASDAQ:EURK) in July at a slightly smaller $50 million scale and this new SPAC would improve upon some of that foray’s terms. Both SPACs managed to...
At the SPAC of Dawn One week before Thanksgiving, SPACs are not filling up their plate with just five votes scheduled, all of which are extensions. Five of these are set to take place today, and investors are also set to get an update on one of the most successful de-SPACs of recent years. Industrial...
Terms Tracker for the Week Ending November 15, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. The drought in De-SPAC deals continues without a single announced combination since October 23rd. That’s more than three weeks now with SPACs experiencing a dry...
Few corners of the market have seen a bigger boost from the result of the US elections than the crypto industry, and SPACs are always sure to be drawn to where the action is. But, in crypto’s case, this is a play that SPACs have been involved in before, so the question is more of...
At the SPAC of Dawn As more information continues to trickle out about what investors should expect from the Trump 2.0 tax changes, it has become increasingly clear that the $7,500 EV tax credit is on the outs. Such a change could shift the strategies for many EV de-SPACs and prospective SPAC targets in the...