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Friday, February 10, 2023

Equity Corporate Actions Alert #2023 - 84
(UPDATED: Merger effective) Information Regarding the Merger of Velodyne Lidar, Inc (VLDR & VLDRW)

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  • Industry Announcement

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At a special meeting held on February 10, 2023, the shareholders of Velodyne Lidar, Inc (VLDR & VLDRW) approved the merger with Ouster, Inc. (NYSE: OUST). The merger closed prior to the market open on Monday, February 13, 2023. In anticipation of the closing, the stocks were halted immediately following the after-hours session at 8 p.m. on February 10, 2023. The stocks will remain halted on the day of closing (February 13th) and will be suspended effective February 14, 2023. The suspension details are as follows:

Company Name & Issue Type: Velodyne Lidar, Inc Common Stock
CUSIP#: 92259F101
Symbol: VLDR
Last Trading Date: February 10, 2023
Marketplace Effective Date for Suspension: February 14, 2023
Merger Consideration: .8204 of a share of Ouster, Inc. Common Stock (OUST) for each share held.
Company Name & Issue Type: Velodyne Lidar, Inc Warrant
CUSIP: 92259F119
Symbol: VLDRW
Last Date of Trading: February 10, 2023
Marketplace Effective Date for Suspension: February 14, 2023
Merger Consideration: Each warrant to purchase shares of VLDR issued and outstanding immediately prior to the effective time of the merger will be automatically converted into a warrant to acquire shares of Ouster common stock equal to the product of the number of shares of Common Stock subject to such Warrant and 0.8204, rounded down to the nearest whole share, at an exercise price equal to the quotient of the exercise price per share of the Common Stock subject to such Warrant and 0.8204, and otherwise subject to the same terms and conditions as applied to such Warrant as of immediately prior to the Effective Time.

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