Tuesday, December 22, 2020

Ouster Goes Public via Merger with SPAC

BusinessWire: San Francisco-based LiDAR startup Ouster is said to close a deal to go public at a about $1.9B valuation through a merger with SPAC Colonnade Acquisition Corp. Up to now, Ouster has raised $142M in the previous investment rounds.

The new transaction is expected to provide up to $300M in gross proceeds, comprised of Colonnade Acquisition Corp.’s $200M of cash held in trust and a $100M fully committed common stock PIPE.

The company's Investor Presentation talks about its LiDAR sales and forecasts:

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