{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-278440","form_type":"8-K","ticker":"OUST","cik":"0001816581","company_name":"Ouster, Inc.","filed_at":"2022-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.280275+00:00","generated_at":"2026-06-22T05:47:59.030761+00:00","sec_items":["1.01","2.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Ouster and Velodyne merge in all-stock deal; Velodyne stockholders get 0.8204 Ouster shares each","bullets":["Exchange ratio of 0.8204 Ouster shares per Velodyne share; combined ownership ~50% each on fully diluted basis.","Expected close in first half 2023; subject to stockholder and regulatory approvals, Hart-Scott-Rodino.","Post-closing board: 4 directors each from Ouster and Velodyne; Ted Tewksbury (Velodyne CEO) as executive chairman, Angus Pacala (Ouster CEO) remains CEO.","Termination fee of $7M payable in certain circumstances; parties agree to dismiss pending litigation between them.","Hercules loan covenant amended: post-close Ouster must maintain at least $60M liquidity; trailing revenue covenant eliminated."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-278440","json":"https://secwatch.observer/filing/0001193125-22-278440.json","markdown":"https://secwatch.observer/filing/0001193125-22-278440.md","text":"https://secwatch.observer/filing/0001193125-22-278440.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1816581/000119312522278440/0001193125-22-278440-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1816581/000119312522278440/d386513d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T05:47:59.030761+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d5004528d6d6ffa8baee75d898e5ccdc62410dd2","claim":"Ouster, Inc. entered into Agreement and Plan of Merger with Velodyne Lidar, Inc. valued at Merger Agreement providing for the merger of Merger Sub I with and into Velodyne, followed by merger (effective 2022-11-04).","evidence_excerpt":"On November 4, 2022, Ouster, Inc., a Delaware corporation (“ Ouster ”), Velodyne Lidar, Inc., a Delaware corporation (“ Velodyne ”), Oban Merger Sub, Inc., a Delaware corporation and a direct, wholly owned subsidiary of Ouster (“ Merger Sub I ”), and Oban Merger Sub II LLC, a Delaware limited liability company and a direct, wholly owned subsidiary of Ouster (“ Merger Sub II ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1816581/000119312522278440/0001193125-22-278440-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Velodyne Lidar, Inc."},{"label":"Value","value":"Merger Agreement providing for the merger of Merger Sub I with and into Velodyne, followed by merger"},{"label":"Effective","value":"2022-11-04"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}