Exclusive: Self-driving startup Ouster nears US$1.9 billion deal to go public -sources Toggle share menu
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22 Dec 2020 10:00AM Share this content
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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 US$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.
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Colonnade is a special purpose acquisition company (SPAC) led by investors Remy Trafelet and Joseph Sambuco. It raised US$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
Miami
Florida
United-states
Bill-ford
Richard-pullin
Joseph-sambuco
Joshua-franklin
Remy-trafelet
Paul-lienert
Silicon-valley-bank
Colonnade-acquisition-corp
Velodyne-lidar-inc
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.
Miami
Florida
United-states
Bill-ford
Richard-pullin
Joseph-sambuco
Joshua-franklin
Remy-trafelet
Paul-lienert
Silicon-valley-bank
Colonnade-acquisition-corp
Velodyne-lidar-inc