---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-033015"
form_type: "8-K"
ticker: "OUST"
cik: "0001816581"
company_name: "Ouster, Inc."
filed_at: "2023-02-13T23:59:59+00:00"
generated_at: "2026-06-19T16:29:40.828916+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ouster closes Velodyne merger; each VLDR share gets 0.8204 OUST shares; combined cos roughly equal ownership

## Summary
- Velodyne stockholders own ~50% of pro forma Ouster; exchange ratio 0.8204 OUST per VLDR share.
- Combined pro forma revenue: $57.4M (9mo 2022) and $95.5M (FY 2021); net losses of $234.3M and $338.2M.
- Pro forma diluted EPS loss: $0.63 (9mo 2022) and $1.03 (FY 2021).
- Ouster amends Hercules credit facility to increase debt baskets for purchase money debt, letters of credit, and equipment relocation.
- Velodyne common stock and warrants delisted from Nasdaq; Ouster will cease Velodyne's SEC reporting.

## SEC filing metadata
- accession: 0001193125-23-033015
- form_type: 8-K
- ticker: OUST
- cik: 0001816581
- company_name: Ouster, Inc.
- filed_at: 2023-02-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1816581/000119312523033015/0001193125-23-033015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1816581/000119312523033015/d452755d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-033015
- JSON: https://secwatch.observer/filing/0001193125-23-033015.json
- Plain text: https://secwatch.observer/filing/0001193125-23-033015.txt

## Key facts
- M&A Transactions
  Ouster, Inc. completed an acquisition involving Velodyne Lidar, Inc. for 0.8204 shares of Ouster common stock per share of Velodyne common stock, with cash in lieu of fractional shares (closed 2023-02-10).
  - Action: acquisition
  - Counterparty: Velodyne Lidar, Inc.
  - Consideration: 0.8204 shares of Ouster common stock per share of Velodyne common stock, with cash in lieu of fractional shares
  - Closing: 2023-02-10
  source text: by Velodyne, Ouster, Merger Sub I or Merger Sub II or any wholly owned subsidiary of Velodyne, Ouster, Merger Sub I or Merger Sub II) was converted into the right to receive 0.8204 (the “ Exchange Ratio ”) validly issued, fully paid and non-assessable shares of common stock, par value $0.0001 per share, of Ouster (the “ Ouster Common Stock ,” and such shares
  evidence_url: https://www.sec.gov/Archives/edgar/data/1816581/000119312523033015/0001193125-23-033015-index.htm
- Material Agreements
  Ouster, Inc. amended Third Amendment to Loan and Security Agreement with Hercules Capital, Inc. (effective 2023-02-10).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Hercules Capital, Inc.
  - Effective: 2023-02-10
  source text: On February 10, 2023, Ouster, Inc., a Delaware corporation (“ Ouster ” or the “ Company ”), entered into a Third Amendment to Loan and Security Agreement (the “ Amendment ”) with the lenders party thereto, Hercules Capital, Inc., a Maryland corporation, in its capacity as administrative agent and collateral agent for itself and the lenders (the “ Agent ”), and the guarantors party thereto
  evidence_url: https://www.sec.gov/Archives/edgar/data/1816581/000119312523033015/0001193125-23-033015-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.