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Exclusive: Self-driving startup Ouster nears US$1.9 billion deal to go public -sources Toggle share menu
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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
Ouster, Maker Of Self-Driving Tech, Agrees $1.9 Billion Deal To Go Public
Ouster sees its digital lidar technology as having practical applications beyond autonomous vehicles and extending to areas such as drones, smart cities and robotics, according to company co-founder and Chief Executive Angus Pacala. By Reuters | Published:
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Ouster sees its digital lidar technology as having practical applications beyond autonomous vehicles.
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.The deal values San Francisco-based Ouster at around $1.9 billion and makes it the fifth lidar manufacturer this year to agree a SPAC merger to go pub