Facebook: Velodyne Lidar
This is an exciting day for Velodyne Lidar! We have announced plans to merge with @Ouster. The proposed merger is expected to drive significant value creation
and result in a strong financial position through robust product offerings, increased operational efficiencies and a complementary customer base in fast-growing end-markets. Read more in todays press
release below. https://velodynelidar.com/press-release/velodyne-ouster-proposed-merger
#lidar #velodynelidar #ouster $VLDR
Instagram: Velodyne Lidar
This is an exciting day for
Velodyne Lidar! We have announced plans to merge with @OusterLidar. The proposed merger is expected to drive significant value creation and result in a strong financial position through robust product offerings, increased operational efficiencies
and a complementary customer base in fast-growing end-markets. Read more in todays press release below. https://velodynelidar.com/press-release/velodyne-ouster-proposed-merger
#lidar #velodynelidar #ouster $VLDR
Cautionary Statement
Regarding Forward-Looking Statements
This document contains forward-looking statements within the meaning of the federal securities law. Such
statements are based upon current plans, estimates and expectations of the management of Ouster, Inc. (Ouster) and Velodyne Lidar, Inc. (Velodyne) that are subject to various risks and uncertainties that could cause actual
results to differ materially from such statements. The inclusion of forward-looking statements should not be regarded as a representation that such plans, estimates and expectations will be achieved. Words such as anticipate,
expect, project, intend, believe, may, will, should, plan, could, continue, target, contemplate,
estimate, forecast, guidance, predict, possible, potential, pursue, likely, and words and terms of similar substance used in connection with any
discussion of future plans, actions or events identify forward-looking statements. All statements, other than historical facts, including statements regarding the expected timing of the closing of the proposed transaction; the ability of the parties
to complete the proposed transaction considering the various closing conditions; the expected benefits of the proposed transaction; the cash position of the combined company; the competitive ability and position of the combined company; and any
assumptions underlying any of the foregoing, are forward-looking statements. Important factors that could cause actual results to differ materially from Ousters and Velodynes plans, estimates or expectations could include, but are not
limited to: (i) the risk that the proposed transaction may not be completed in a timely manner or at all, which may adversely affect Ousters and Velodynes businesses and the price of their respective securities; (ii) uncertainties
as to the timing of the consummation of the proposed transaction and the potential failure to satisfy the conditions to the consummation of the proposed transaction, including obtaining stockholder and regulatory approvals; (iii) the proposed
transaction may involve unexpected costs, liabilities or delays; (iv) the effect of the announcement, pendency or completion of the proposed transaction on the ability of Ouster or Velodyne to retain and hire key personnel and maintain relationships
with customers, suppliers and others with whom Ouster or Velodyne does business, or on Ousters or Velodynes operating results and business generally; (v) Ousters or Velodynes respective businesses may suffer as a result of
uncertainty surrounding the proposed transaction and disruption of managements attention due to the proposed transaction; (vi) the outcome of any legal proceedings related to the proposed transaction or otherwise, or the impact of the proposed
transaction thereupon; (vii) Ouster or Velodyne may be adversely affected by other economic, business, and/or competitive factors; (viii) the occurrence of any event, change or other circumstances that could give rise to the termination of the
merger agreement and the proposed transaction; (ix) restrictions during the pendency of the proposed transaction that may impact Ousters or Velodynes ability to pursue certain business opportunities or strategic transactions; (x) the
risk that Ouster or Velodyne may be unable to obtain governmental and regulatory approvals required for the proposed transaction, or that required governmental and regulatory approvals may delay the consummation of the proposed transaction or result
in the imposition of conditions that could reduce the anticipated benefits from the proposed transaction or cause the parties to abandon the proposed transaction; (xi) risks that the anticipated benefits of the proposed transaction or other
commercial opportunities may otherwise not be fully realized or may take longer to realize than expected; (xii) the impact of legislative, regulatory, economic, competitive and technological changes; (xiii) risks relating to the value of the Ouster
shares to be issued in the proposed transaction; (xiv) the risk that integration of the proposed transaction post-closing may not occur as anticipated or the combined company may not be able to achieve the growth prospects and synergies expected
from the proposed transaction, as well as the risk of potential delays, challenges and expenses associated with integrating the combined companys existing businesses; (xv) exposure to inflation, currency rate and interest rate fluctuations and
risks associated with doing business locally and internationally, as well as fluctuations in the market price of Ousters and Velodynes traded securities; (xvi) the impact of the COVID-19 pandemic on Ousters and Velodynes
business and general economic conditions; (xvii) the market for and adoption of lidar and related technology and the combined companys ability to compete in a market that is rapidly evolving and subject to technological developments; (xviii)
the impact of cost increases and supply chain shortages in the components needed for the production of lidar products and related technology; and (xix) the unpredictability and severity of catastrophic events, including, but not limited to, acts of
terrorism or outbreak of war or hostilities, as well as Ousters and Velodynes response to any of the