Lidar sensor maker Ouster completed its $300 million business combination with Colonnade Acquisition. The combined company will operate as Ouster, and its common stock and warrants are expected to begin trading March 12 on the NYSE under OUST and OUST WS, respectively.
As a result of the business combination and concurrent private placement of common stock, Ouster received approximately $300 million in gross proceeds, including a $100 million PIPE. Immediately following the closing, Ouster’s pre-business combination stockholders own approximately 78% of the combined enterprise. Read more.
