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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

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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United statesAnna brunelleAngus pacalaRemy trafeletRemyw trafeletMark frichtlYork stock exchangeWwjr enterprisesLatham watkinsCox enterprisesExchange commissionColonnade acquisition corpOuster incOuster coNew york stock exchangeWhite case

Ouster, maker of self-driving tech, agrees US$1 9 billion deal to go public

Ouster, maker of self-driving tech, agrees US$1.9 billion deal to go public Toggle share menu Advertisement 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

United statesBill fordRichard pullinJoshua franklinAngus pacalaRemy trafeletPaul lienertSilicon valley bankColonnade acquisition corpVelodyne lidar incOuster incFord motorColonnade acquisitionSan francisco based ousterChief executive angusColonnade chief executive remy

Exclusive: Self-driving startup Ouster nears $1 9 billion deal to go public – sources

By Joshua Franklin, Paul Lienert (Reuters) – Ouster Inc, a U.S. startup that makes lidar sensors for self-driving cars and smart cities, is nearing a deal to go public at a roughly $1.9 billion valuation through a merger with a blank-check acquisition firm, according to people familiar with the matter. San Francisco-based Ouster plans to merge with Colonnade Acquisition Corp and the deal could be announced as early as Tuesday, the sources said, requesting anonymity ahead of an official announcement. Colonnade is a special purpose acquisition company (SPAC) led by investors Remy Trafelet and Joseph Sambuco. It raised $200 million in an initial public offering (IPO) in August with the aim of merging with a privately held company. The acquired company then becomes public as result of the merger, an alternative to the traditional IPO process.

United statesBill fordRichard pullinJoseph sambucoJoshua franklinRemy trafeletPaul lienertSilicon valley bankColonnade acquisition corpVelodyne lidar incOuster incFord motorFrancisco based ousterCox automotiveFontinalis partnersFord motor executive chairman bill

Exclusive: Self-driving startup Ouster nears $1 9 billion deal to go public - sources

Exclusive: Self-driving startup Ouster nears $1 9 billion deal to go public - sources
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United statesBill fordRichard pullinJoseph sambucoJoshua franklinRemy trafeletPaul lienertSilicon valley bankThomson reuters trust principlesColonnade acquisition corpVelodyne lidar incOuster incFord motorFrancisco based ousterCox automotiveFontinalis partners