03/09/2021 | Press release | Distributed by Public on 03/09/2021 05:02
Filed pursuant to Rule 424(b)(3)
Registration No. 333-248434
PROSPECTUS SUPPLEMENT NO. 6
(to Prospectus dated September 29, 2020)
Velodyne Lidar, Inc.
15,000,000 Shares of Common Stock
This prospectus supplement is being filed to update and supplement the information contained in the prospectus dated September 29, 2020 (the 'Prospectus'), related to the resale from time to time by the selling stockholders named in the Prospectus or their permitted transferees of up to 15,000,000 shares of common stock, par value $0.0001 per share, of Velodyne Lidar, Inc., a Delaware corporation formerly known as Graf Industrial Corp., issued in a private placement pursuant to the terms of the Subscription Agreements (as defined in the Prospectus) in connection with, and as part of the consideration for, the Business Combination (as defined in the Prospectus) by and among GRAF, Merger Sub and Velodyne (each as defined in the Prospectus), with the information contained in our Current Reports on Form 8-K, filed with the Securities and Exchange Commission on February 25, 2021, March 2, 2021 and March 4, 2021 (the 'Current Reports'). Accordingly, we have attached the Current Reports to this prospectus supplement.
This prospectus supplement updates and supplements the information in the Prospectus and is not complete without, and may not be delivered or utilized except in combination with, the Prospectus, including any amendments or supplements thereto. This prospectus supplement should be read in conjunction with the Prospectus and if there is any inconsistency between the information in the Prospectus and this prospectus supplement, you should rely on the information in this prospectus supplement.
Our common stock and warrants are traded on The Nasdaq Global Select Market under the symbols 'VLDR' and 'VLDRW', respectively. On March 4, 2021, the closing price of our common stock was $13.53 and the closing price of our warrants was $4.55.
We are an 'emerging growth company' under applicable federal securities laws and will be subject to reduced public company reporting requirements.
INVESTING IN OUR SECURITIES INVOLVES RISKS THAT ARE DESCRIBED IN THE 'RISK FACTORS' SECTION BEGINNING ON PAGE 12 OF THE PROSPECTUS.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the securities to be issued or sold under the Prospectus or determined if the Prospectus or this prospectus supplement is truthful or complete. Any representation to the contrary is a criminal offense.
The date of this prospectus supplement is March 9, 2021.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 25, 2021
VELODYNE LIDAR, INC.
(Exact name of registrant as specified in its charter)
Delaware | 001-38703 | 83-1138508 |
(State or other jurisdiction | (Commission | (IRS Employer |
of incorporation) | File Number) | Identification No.) |
5521 Hellyer Avenue | |
San Jose, California | 95138 |
(Address of principal executive offices) | (Zip Code) |
(669) 275-2251
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading symbol(s) | Name of each exchange on which registered | ||
Common stock, $0.0001 par value | VLDR |
The Nasdaq Stock Market LLC (Nasdaq Global Select Market) |
||
Warrants, each exercisable for three-quarters of one share of common stock | VLDRW |
The Nasdaq Stock Market LLC (Nasdaq Global Select Market) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 2.02. | Results of Operations and Financial Condition |
On February 25, 2021, Velodyne Lidar, Inc. (the 'Company' or 'Velodyne') issued a press release reporting its financial results for the quarter ended December 31, 2020. The press release is attached to this Current Report on Form 8-K as Exhibit 99.1.
As provided in General Instruction B.2 of Form 8-K, the information in this Item 2.02 and the exhibit hereto are 'furnished' and shall not be deemed to be 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'), or otherwise subject to the liability of such section nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the 'Securities Act'), or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit No. | Description | |
99.1 | Press Release Issued by the Company on February 25, 2021 | |
104 | Cover Page Interactive Data File (formatted as Inline XBRL). |
1
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
VELODYNE LIDAR, INC. | |||
DATE: February 25, 2021 | By: | /s/ Andrew Hamer | |
Andrew Hamer | |||
Chief Financial Officer |
2
December 31, | ||||
2020 | 2019 | |||
(Unaudited) | ||||
Assets | ||||
Current assets: | ||||
Cash and cash equivalents | $ | 204,648 | $ | 60,004 |
Short-term investments | 145,636 | 2,199 | ||
Accounts receivable, net | 13,979 | 11,863 | ||
Inventories, net | 18,132 | 14,987 | ||
Prepaid and other current assets | 22,319 | 12,918 | ||
Total current assets | 404,714 | 101,971 | ||
Property, plant and equipment, net | 16,805 | 26,278 | ||
Goodwill | 1,189 | 1,189 | ||
Intangible assets, net | 627 | 982 | ||
Contract assets | 8,440 | - | ||
Other assets | 937 | 5,755 | ||
Total assets | $ | 432,712 | $ | 136,175 |
Liabilities and Stockholders' Equity | ||||
Current liabilities: | ||||
Accounts payable | $ | 7,721 | $ | 6,923 |
Accrued expense and other current liabilities | 50,349 | 31,160 | ||
Contract liabilities | 7,323 | 18,261 | ||
Total current liabilities | 65,393 | 56,344 | ||
Long-term tax liabilities | 569 | 1,360 | ||
Other long-term liabilities | 25,927 | 2,225 | ||
Total liabilities | 91,889 | 59,929 | ||
Commitments and contingencies | ||||
Stockholders' equity (as adjusted for December 31, 2019): | ||||
Preferred stock | - | - | ||
Common stock
|
18 | 14 | ||
Additional paid-in capital | 656,717 | 240,464 | ||
Accumulated other comprehensive loss | (230) | (216) | ||
Accumulated deficit | (315,682) | (164,016) | ||
Total stockholders' equity | 340,823 | 76,246 | ||
Total liabilities and stockholders' equity | $ | 432,712 | $ | 136,175 |
Three Months Ended December 31, |
Year Ended December 31, |
|||||||
2020 | 2019 | 2020 | 2019 | |||||
(Unaudited) | (Unaudited) | |||||||
Revenue: | ||||||||
Product
|
$ | 14,407 | $ | 18,190 | $ | 68,355 | $ | 81,424 |
License and services | 3,439 | 782 | 27,007 | 19,974 | ||||
Total revenue | 17,846 | 18,972 | 95,362 | 101,398 | ||||
Cost of revenue: | ||||||||
Product | 23,088 | 18,519 | 69,115 | 69,903 | ||||
License and services | 99 | 229 | 1,131 | 1,727 | ||||
Total cost of revenue | 23,187 | 18,748 | 70,246 | 71,630 | ||||
Gross profit (loss) | (5,341) | 224 | 25,116 | 29,768 | ||||
Operating expenses: | ||||||||
Research and development | 48,427 | 14,639 | 88,080 | 56,850 | ||||
Sales and marketing | 18,955 | 5,928 | 31,753 | 21,873 | ||||
General and administrative | 38,790 | 9,421 | 65,732 | 20,058 | ||||
Gain on sale of assets held-for-sale | - | - | (7,529) | - | ||||
Restructuring | (59) | - | 984 | - | ||||
Total operating expenses | 106,113 | 29,988 | 179,020 | 98,781 | ||||
Operating loss | (111,454) | (29,764) | (153,904) | (69,013) | ||||
Interest income | 33 | 200 | 152 | 1,146 | ||||
Interest expense | (37) | (32) | (106) | (77) | ||||
Other income (expense), net | 15 | 50 | (90) | 35 | ||||
Loss before income taxes | (111,443) | (29,546) | (153,948) | (67,909) | ||||
Provision for (benefit from) income taxes | 14 | (805) | (4,084) | (683) | ||||
Net loss | $ | (111,457) | $ | (28,741) | $ | (149,864) | $ | (67,226) |
Net loss per share: | ||||||||
Basic and diluted | $ | (0.64) | $ | (0.21) | $ | (1.01) | $ | (0.50) |
Weighted-average shares used in computing net loss per share: | ||||||||
Basic and diluted | 173,888,792 | 136,639,441 | 148,088,589 | 133,942,714 | ||||
Three Months Ended December 31, |
Year Ended December 31, |
|||||||
2020 | 2019 | 2020 | 2019 | |||||
(Unaudited) | (Unaudited) | |||||||
Cash flows from operating activities: | ||||||||
Net loss
|
$ | (111,457) | $ | (28,741) | $ | (149,864) | $ | (67,226) |
Adjustments to reconcile net loss to cash used in operating activities:
|
||||||||
Depreciation and amortization | 2,053 | 2,189 | 8,394 | 7,993 | ||||
Write-off of deferred IPO costs | - | - | 3,548 | - | ||||
Stock-based compensation | 91,259 | 24 | 91,500 | 135 | ||||
Gain on sale of assets held-for-sale | - | - | (7,529) | - | ||||
Provision for doubtful accounts | (14) | (308) | 511 | 110 | ||||
Deferred income taxes | (4) | (1,941) | (4) | (1,941) | ||||
Other | 63 | 60 | 137 | (358) | ||||
Changes in operating assets and liabilities: | ||||||||
Accounts receivable, net | 5,440 | 1,804 | (2,627) | 9,573 | ||||
Inventories, net | (1,710) | 1,224 | 1,619 | (850) | ||||
Prepaid and other current assets | (2,339) | 1,630 | 172 | (3,602) | ||||
Contract assets | (2,814) | - | (11,253) | 38 | ||||
Other assets | (305) | 309 | 53 | 1,080 | ||||
Accounts payable | (2,501) | (4,676) | 687 | (45) | ||||
Accrued expenses and other liabilities | 3,140 | 5,677 | (6,672) | 13,609 | ||||
Contract liabilities | 379 | (471) | 2,891 | (1,746) | ||||
Net cash used in operating activities | (18,810) | (23,220) | (68,437) | (43,230) | ||||
Cash flows from investing activities: | ||||||||
Purchase of property, plant and equipment | (1,080) | (420) | (3,277) | (5,225) | ||||
Proceeds from sale of assets held-for-sale | - | - | 12,275 | - | ||||
Proceeds from sales of short-term investments | - | - | - | 8,903 | ||||
Proceeds from maturities of short-term investments | - | 5,400 | 2,200 | 53,650 | ||||
Purchase of short-term investments | (145,725) | - | (145,725) | (28,823) | ||||
Considerations paid for acquisition | - | - | - | (2,473) | ||||
Proceeds from repayment of stockholder notes | - | 3,512 | - | 3,512 | ||||
Net cash provided by (used in) investing activities | (146,805) | 8,492 | (134,527) | 29,544 | ||||
Cash flows from financing activities: | ||||||||
Proceeds from issuance of preferred stock, net of issuance costs | - | 49,790 | 19,919 | 49,790 | ||||
Proceeds from Business Combination and PIPE offering, net of transaction costs | (1,264) | - | 247,039 | - | ||||
Proceeds from warrant exercises, net of transaction costs | 73,713 | - | 73,713 | - | ||||
Repurchase of common stock | - | - | (1,802) | - | ||||
Cash paid for IPO costs | - | - | (1,143) | - | ||||
Proceeds from notes payable | - | - | 10,000 | - | ||||
Net cash provided by financing activities
|
72,449 | 49,790 | 347,726 | 49,790 | ||||
Effect of exchange rate fluctuations on cash and cash equivalent | (39) | 63 | (118) | (4) | ||||
Net increase (decrease) in cash and cash equivalents | (93,205) | 35,125 | 144,644 | 36,100 | ||||
Beginning cash and cash equivalents | 297,853 | 24,879 | 60,004 | 23,904 | ||||
Ending cash and cash equivalents | $ | 204,648 | $ | 60,004 | $ | 204,648 | $ | 60,004 |
Three Months Ended December 31, |
Year Ended December 31, |
|||||||
2020 | 2019 | 2020 | 2019 | |||||
Gross profit (loss) on GAAP basis | $ | (5,341) | $ | 224 | $ | 25,116 | $ | 29,768 |
Gross margin on GAAP basis | (30) | % | 1 | % | 26 | % | 29 | % |
Stock-based compensation | 7,415 | - | 7,417 | - | ||||
Gross profit (loss) on non-GAAP basis | $ | 2,074 | $ | 224 | $ | 32,533 | $ | 29,768 |
Gross margin on non-GAAP basis | 12 | % | 1 | % | 34 | % | 29 | % |
Operation loss on GAAP basis | $ | (111,454) | $ | (29,764) | $ | (153,904) | $ | (69,013) |
Stock-based compensation | 91,259 | 24 | 91,500 | 135 | ||||
Legal settlements | 105 | 2,450 | 2,584 | 2,450 | ||||
Gain on Sale of assets held-for-sale | - | - | (7,529) | - | ||||
Write-off of deferred IPO costs | - | 3,548 | ||||||
Amortization of acquisition-related intangible assets | 97 | 96 | 385 | 188 | ||||
Restructuring charges | (59) | - | 984 | - | ||||
Operation loss on non-GAAP basis | $ | (20,052) | $ | (27,194) | $ | (62,432) | $ | (66,240) |
Provision for (benefit from) income taxes on GAAP basis | $ | 14 | $ | (805) | $ | (4,084) | $ | (683) |
Non-GAAP tax reconciling adjustments | - | - | 6,679 | - | ||||
Provision for income taxes on non-GAAP basis | $ | 14 | $ | (805) | $ | 2,595 | $ | (683) |
Net loss on GAAP basis | $ | (111,457) | $ | (28,741) | $ | (149,864) | $ | (67,226) |
Stock-based compensation | 91,259 | 24 | 91,500 | 135 | ||||
Legal settlements | 105 | 2,450 | 2,584 | 2,450 | ||||
Gain on Sale of assets held-for-sale | - | - | (7,529) | - | ||||
Write-off of deferred IPO costs | - | - | 3,548 | - | ||||
Amortization of acquisition-related intangible assets | 97 | 96 | 385 | 188 | ||||
Restructuring charges | (59) | - | 984 | - | ||||
Non-GAAP tax reconciling adjustments | - | - | (6,679) | - | ||||
Net loss on non-GAAP basis | $ | (20,055) | $ | (26,171) | $ | (65,071) | $ | (64,453) |
Net loss per share on GAAP basis | ||||||||
Basic and diluted | $ | (0.64) | $ | (0.21) | $ | (1.01) | $ | (0.50) |
Weighted-average shares on GAAP basis | ||||||||
Basic and diluted | 173,888,792 | 136,639,441 | 148,088,589 | 133,942,714 | ||||
Net loss per share on non-GAAP basis | ||||||||
Basic and diluted | $ | (0.12) | $ | (0.19) | $ | (0.44) | $ | (0.48) |
Weighted-average shares on non-GAAP basis | ||||||||
Basic and diluted | 173,888,792 | 136,639,441 | 148,088,589 | 133,942,714 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 24, 2021
VELODYNE LIDAR, INC.
(Exact name of registrant as specified in its charter)
Delaware | 001-38703 | 83-1138508 |
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
5521 Hellyer Avenue | |
San Jose, California | 95138 |
(Address of principal executive offices) | (zip code) |
Registrant's telephone number, including area code: (669) 275-2251
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading symbol |
Name of each exchange on which registered |
||
Common Stock, $0.0001 par value | VLDR | The Nasdaq Stock Market LLC | ||
Warrants, each exercisable for three-quarters of one share of common stock | VLDRW | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On February 24, 2021, the board of directors (the 'Board') of Velodyne Lidar, Inc. (the 'Company') appointed Hamid Zarringhalam as a Class I director, effective immediately. Mr. Zarringhalam was also appointed to the Company's compensation committee. Mr. Zarringhalam has been approved by the Board to stand for election at the Company's 2021 annual meeting of stockholders.
Mr. Zarringhalam is Corporate Vice President of Nikon Corporation. In this capacity, he is simultaneously Chief Executive Officer of Nikon Ventures Corporation, Co-General Manager of the Digital Solutions Business Unit in Nikon Corporation and Executive Vice President of Nikon Precision Inc. Nikon Ventures Corporation is responsible for the external investments, strategic alliances and private equity strategy of Nikon Corporation. The Digital Solutions Business Unit is responsible for leveraging Nikon core competencies to enable and scale growth in new markets. As EVP of Nikon Precision, he is responsible for Nikon strategic partnership activities in Semiconductor Lithography in the United States. Mr. Zarringhalam joined Nikon in 1987, and in his tenure with Nikon, he has served in various senior management capacities in technology, operations, business development, and other corporate groups, including serving as President of Nikon Precision Europe. He currently serves on the Board of wrnch, a Canadian Computer Vision technology company. He has also served in a Board capacity for several companies in the Nikon investment portfolio. Mr. Zarringhalam has a Bachelor of Science in Finance and a Master in Business Administration, both from the University of San Francisco.
There are no disclosable family relationships as required by Item 401(d) of Regulation S-K between Mr. Zarringhalam and the Company or its control persons, and there are no disclosable related person transactions between the Company and Mr. Zarringhalam as required by Item 404(a) of Regulation S-K.
In connection with his appointment, Mr. Zarringhalam entered into the Company's standard form of indemnification agreement. Mr. Zarringhalam will receive the Company's standard non-employee director compensation, which consists of an automatic annual grant of $150,000 of restricted stock units (measured based on the average closing price of the Company's common stock for the 30 days immediately prior to the annual meeting of stockholders) to non-employee directors serving on the Board immediately after the annual meeting of stockholders, which restricted stock units will vest in full at the following annual meeting of stockholders.
Also on February 24, 2021, the Board appointed Christopher Thomas as a Class II director, effective immediately and simultaneously with Mr. Thomas's resignation as a Class I director. The Board appointed Mr. Thomas as a Class II director to fill the vacancy on the Board created by James Graf's resignation, which was effective February 15, 2021. Mr. Thomas will serve as a Class II director until the Company's 2022 annual meeting of stockholders.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
VELODYNE LIDAR, INC. | ||
DATE: March 2, 2021 | By: | /s/ Michael Vella |
Michael Vella | ||
General Counsel |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 2, 2021
VELODYNE LIDAR, INC.
(Exact name of registrant as specified in its charter)
Delaware | 001-38703 | 83-1138508 |
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
5521 Hellyer Avenue | |
San Jose, California | 95138 |
(Address of principal executive offices) | (zip code) |
Registrant's telephone number, including area code: (669) 275-2251
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading symbol |
Name of each exchange on which registered |
||
Common Stock, $0.0001 par value | VLDR | The Nasdaq Stock Market LLC | ||
Warrants, each exercisable for three-quarters of one share of common stock | VLDRW | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On March 2, 2021, David Hall, a director of Velodyne Lidar, Inc. (the 'Company'), informed the board of directors of the Company (the 'Board') of his voluntary decision to resign as a Class III director, effective immediately. As previously disclosed, on January 7, 2021, David Hall resigned from his role as Executive Chairman of the Board.
On February 22, 2021, the Company announced the completion of an investigation by the independent Audit Committee of the Board, which concluded that David Hall and Marta Hall each behaved inappropriately with regard to Board and Company processes, and failed to operate with respect, honesty, integrity, and candor in their dealings with Company officers and directors. Accordingly, the Board approved remedial actions including the removal of David Hall as Chairman of the Board and the termination of Marta Hall as an employee of the Company. David Hall and Marta Hall, in public statements and in an amendment to a Schedule 13D filed on March 4, 2021, disagreed with the conclusions of the investigation and the actions of the Board based on the investigation.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
VELODYNE LIDAR, INC. | ||
DATE: March 4, 2021 | By: | /s/ Michael Vella |
Michael Vella | ||
General Counsel |