Colonnade Acquisition filed an amended proxy on its planned merger with lidar sensor maker Ouster.
A date for the shareholder vote has not been set.
The transaction is expected to provide up to $300 million in gross proceeds, including Colonnade’s $200 million held in trust and a $100 million fully committed common stock PIPE at $10 per share, with participation from Ouster’s existing investors, Cox Enterprises, Fontinalis Partners, and WWJr Enterprises.
The combined business would have a pro forma implied enterprise value of approximately $1.6 billion and fully diluted pro forma equity value of about $1.9 billion. Read more.
