November 7, 2022
Velodyne Lidar, Inc. Investigation
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 November7, 2022 closing price of $1.21.
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