We provide financial advice to clients in the financial services and business services sectors. Ouster, Inc. (“Ouster”) a leading provider of high-resolution digital lidar sensors for the industrial automation, smart infrastructure, robotics, and … Colonnade Acquisition Corp. was able to quickly secure a partner for a SPAC merger, having only gone public in August of this year. Ouster is valued at $1.6 billion pro forma post-money enterprise value by the merger. The company’s lidar cameras are used in several industries. We are a boutique investment banking firm that specializes in merger and acquisition advisory services. Nasdaq So long as there are no issues, Colonnade Acquisition Corp. and Ouster are expecting the SPAC merger to close in the first half of 2021. As per Crunchbase, since its inception in 2015, Ouster has raised $132 million from 11 investors. Colonnade Acquisition (NYSE: CLA) has scheduled the extraordinary general meeting of its shareholders on March 9 to approve the proposed business combination with Ouster at $1.9B valuation. What Happened: Outster plans to go public through the merger deal that could be announced as soon as Tuesday. CLA stock was up 38.9% as of noon Tuesday. Colonnade Acquisition Corp. II has filed to go public with an IPO on the New York Stock Exchange (NYSE). SPACs like Colonnade are increasingly popular investment vehicles which raise funds in an initial public offering (IPO) with the aim of buying a private company. 2021 InvestorPlace Media, LLC. It aims to acquire a business via a merger, capital stock exchange, asset acquisition… All rights reserved. Here’s everything investors in CLA stock need to know about the Ouster SPAC merger news. Colonnade Acquisition Corp. and Ouster will host a pre-recorded joint investor conference call to discuss the proposed business combination Tuesday, December 22, 2020 at 8:30 am EST. CLA stock has seen higher trading today as more than 12 million shares have moved as of this writing. The Boards of Directors at both companies have given their unanimous support to the deal. We advise business owners in selling their companies, buying competitors, and raising capital. Why Does It Matter: This year, Outster is the fifth company in the lidar technology business to opt for a merger with a blank check company, following Velodyne Lidar Inc (NASDAQ: VLDR), Luminar Technologies Inc (NASDAQ: LAZR), Innoviz Technologies Inc, and Aeva Inc. It’s also worth mentioning that all current Ouster shareholders will roll their equity over into the new company. If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com. 1125 N. Charles St, Baltimore, MD 21201. In a filing with the U.S. Securities and Exchange Commission at the time, the company said — while the management team possessed expertise in sectors like natural resources, energy, real estate, and agricultural industries — it was open to a business combination in any business or industry. This will also result in shares of CLA stock changing over to the new OUST stock symbol. Colonnade Acquisition Corp. announced today that it has scheduled the extraordinary general meeting of its shareholders for March 9, 2021 at 10:00 a.m., … Special purpose acquisition company (SPAC) Colonnade Acquisition Corp (NYSE: CLA) is valuing lidar technology startup Ouster Inc at $1.9 billion in a merger deal, Reuters reports. Colonnade Acquisition Corp. is a blank check company that acquires assets and businesses through a merger, share exchange, share purchase, reorganization, and similar business combination. A daily collection of all things fintech, interesting developments and market updates. Colonnade Acquisition Corp. (NYSE:CLA) stock is taking off on Tuesday following news of a special purpose acquisition company (SPAC) merger with Ouster. Colonnade Acquisition Corp. Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share Shell Companies $286,000,000 Aug 27, 2020 Colonnade Acquisition Group, a blank check company, completed a $200 million initial public offering this week. A private investment in public equity (PIPE) will give the company $100 million to work with after the merger is complete. Copyright © 2021 InvestorPlace Media, LLC. Intel-Backed Lidar Company AEye In SPAC Talks: Report, Privacy Policy / Do Not Sell My Personal Data. Copyright © 1125 N. Charles St, Baltimore, MD 21201. Colonnade Acquisition Corp Colonnade (NYSE: CLA) To Hold Shareholders’ Meeting For The Merger With Ouster. Colonnade Acquisition Corp. (NYSE: CLA), a special purpose acquisition company (SPAC), is up 35% in early trading on Tuesday on a Reuters report of a merger deal with lidar startup Ouster. Everything you need to know about the market - quick & easy. To put that in perspective, the company’s daily average trading volume is only about 86,000 shares. Colonnade Acquisition Corp. (NYSE: CLA) disclosed that it has held a shareholder meeting to discuss the merger transaction with Ouster Inc. All rights reserved. Colonnade Acquisition Corp. (NYSE: CLA) is a special purpose acquisition company incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. By creating an account, you agree to theTerms of Service and acknowledge our Privacy Policy. Colonnade Acquisition Corp (NYSE: CLA) is a special purpose acquisition company seeking to enter into a business combination with an existing private company in need of strategic growth capital, balance sheet restructuring, or will benefit from the lower cost of equity and debt capital enjoyed by public companies. To access the call please dial (888) 753-4238 from the United States, or (574) 941-1785 from outside the U.S. Colonnade Acquisition Corp. is a blank check company that acquires assets and businesses through a merger, share exchange, share purchase, reorganization, and similar business combination. The startup's lidar technology is used in self-driving vehicles for creating a 3D map of the environment. Among these are the “industrial automation, smart infrastructure, robotics, and automotive industries.”. Special purpose acquisition company (SPAC) Colonnade Acquisition Corp (NYSE: CLA) is valuing lidar technology startup Ouster Inc at $1.9 billion in a merger deal, Reuters reports. The merger will have Colonnade Acquisition Corp. being renamed to Ouster, Inc., once the deal closes. SPAC Colonnade Shoots Up 40% On Report Of Merger Deal With Lidar Startup Ouster. Luminar was up 27.26% during regular trading hours. Colonnade consummated its initial public offering … © 2021 Benzinga.com. It is also said to have applications in designing smart cities, robotics, and drones. Colonnade consummated its initial public offering on the NYSE in August 2020. The special purpose acquisition company, Colonnade Acquisition Corp. II, aims to a merge with businesses valued between $1 billion and $3 billion that are domiciled in the U.S., U.K. … Ouster is a creator of lidar systems that was founded in 2015. CLA is principally focused on combining with a business in the … Self-Driving Tech Startup Innoviz Talks SPAC Merger To Go Public: Report. Colonnade in its initial public offering in August raised $200 million. The Lidar stocks gained momentum on Tuesday after a Reuters report said Apple Inc (NASDAQ: AAPL) plans to launch self-driving electric vehicles by 2024. CLA Stock: Colonnade Acquisition Corp. Soars on Ouster SPAC Merger News, everything investors in CLA stock need to know, Louis Navellier and the InvestorPlace Research Staff, Even After Factoring in Higher Rates, Plug Power Stock Is Still a Buy, Solar Stocks: It’s Time to Invest in One of the Most Valuable Technologies Ever, Cardano Is Set to Outpace Even the Fastest-Moving Crypto Coins, Reddit Stocks: Why GME, AMC, NOK, BB, EXPR and KOSS Are on a Rocket Ship Again, With the Lucid Motors Merger Confirmed, CCIV Stock Is Your 10X Opportunity, Palantir Grows Into Its High-Priced Valuation. About Colonnade Acquisition Corp. Colonnade Acquisition Corp. (NYSE: CLA) is a special purpose acquisition company incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
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