We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Velodyne Lidar, Inc. (“Velodyne” or the “Company”) (NASDAQ: VLDR), in connection with the proposed merger of the Company with Ouster, Inc. (“Ouster”) (NYSE: OUST).  Under the terms of the merger agreement, the Company’s shareholders will receive 0.8204 shares of Ouster common stock for each Velodyne share owned, representing implied per-share merger consideration of approximately $0.99 based upon Ouster’s November 7, 2022 closing price of $1.21.  Upon completion of the transaction, Velodyne and Ouster shareholders will each own approximately 50% of the combined company.

Weiss Law is investigating whether (i) Velodyne’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates Velodyne’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.