Velodyne Lidar Inc., and Graf Industrial Corp jointly announced that they have closed their previously announced business combination, pursuant to which Velodyne became a wholly owned subsidiary of Graf and Graf changed its name to Velodyne Lidar, Inc. The business combination was approved at a special meeting of Graf’s stockholders held on September 30, 2020.
As per the press release, the common stock and warrants of Velodyne Lidar, Inc., the post-combination company, are expected to begin trading on The Nasdaq Global Select Market September 30 onwards. They will trade under the ticker symbols “VLDR” and “VLDRW,” respectively. While, Graf’s units, common stock and warrants will cease trading on the New York Stock Exchange.