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https://velodynelidar.com/blog/graf-and-velodyne-lidar-announcement/

GRAF and Announcement

2020-07-02 14:00:32, , Velodyne Lidar

Content Categorization
/Business & Industrial
/News/Business News

Word Count:
314

Words/Sentence:
16

Reading Time:
3.14 min

Reading Quality:
Advanced

Readability:
16th or higher

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GRAF and Velodyne have successfully raised $150MM in equity from a group of institutional investors, subject to completion of the transaction.

Video Recording of Velodyne Lidar and GRAF Investor Meeting on July 2, 2020

The funds raised will be combined with up to $117M that GRAF had already raised from its existing investors.

is happy to announce today that our company will be combining with a publicly-traded special purpose acquisition company (commonly referred to as a SPAC) called Graf Industrial Corp.

"Partnering with Graf Industrial will provide the opportunity to enhance our leading position in the lidar and sensor markets broadly around the world, creating new and exciting opportunities for our customers and employees," said Velodyne's CEO Anand Gopalan.

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