Author Bio
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead.
What happened
The stock of
Colonnade Acquisition (NYSE:CLA) is soaring this morning, and bringing other lidar-sensor makers along. Shares of Colonnade, a special purpose acquisition company (SPAC), were up 44% as of 10:50 a.m. EST on Tuesday. Shares of
Ouster going public in SPAC deal, with goal to put lidar on every vehicle on Earth
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SPAC Colonnade Acquisition s stock rockets after merger deal with lidar sensor maker Ouster
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Ouster, a Leading Provider of High-Performance Digital Lidar Sensors, to Combine With Colonnade Acquisition Corp to Accelerate Digital Lidar Adoption in Industrial, Smart Infrastructure, Robotics, and Automotive Markets
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Ouster, maker of self-driving tech, agrees US$1.9 billion deal to go public Toggle share menu
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Ouster, maker of self-driving tech, agrees US$1.9 billion deal to go public Ouster Inc, a U.S. startup that makes lidar sensors for self-driving cars and smart cities, said on Tuesday it has agreed to go public through a merger with special purpose acquisition company (SPAC) Colonnade Acquisition Corp.
FILE PHOTO: A car outfitted with Ouster s lidar, used in scanning the area on a self-driving vehicle, is parked at the technology company s office in San Francisco, California, U.S., September 5, 2019. Picture taken September 5, 2019. REUTERS/Jane Lanhee Lee