secwatch.observer — SEC 8-K summary
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Issuer:     Ouster, Inc. (OUST)
CIK:        0001816581
Form:       8-K
Filed at:   2023-02-13T23:59:59+00:00
Accession:  0001193125-23-033015
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1816581/000119312523033015/0001193125-23-033015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1816581/000119312523033015/d452755d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-033015

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