SHAREHOLDER ALERT: Weiss Law Investigates Velodyne Lidar, Inc.

NEW YORK, Nov. 7, 2022 /PRNewswire/ --

Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Velodyne Lidar, Inc. ("Velodyne" or the "Company") (NASDAQ: VLDR), in connection with the proposed merger of the Company with Ouster, Inc. ("Ouster") (NYSE: OUST). Under the terms of the merger agreement, the Company's shareholders will receive 0.8204 shares of Ouster common stock for each Velodyne share owned, representing implied per-share merger consideration of approximately $0.99 based upon Ouster's November 7, 2022 closing price of $1.21. Upon completion of the transaction, Velodyne and Ouster shareholders will each own approximately 50% of the combined company.

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