For these reasons, the industry of product testing has been on the rise today. Within the event the closing value of the frequent stock of the combined company on the NYSE is at least $15.00 for 20 days of any 30-day period from the date hereof via the date that is six months after the closing of the merger, two million further shares of the combined firm’s stock might be issued to Velodyne holders as incremental transaction consideration and the GRAF Sponsor will retain an incremental 275,000 shares. GRAF started trading on the NYSE in October 2018 and its widespread stock, models and warrants commerce underneath the ticker symbols GRAF, GRAF.U and GRAF WS, respectively. Assuming no redemptions of GRAF public shares, Velodyne’s current shareholders will hold roughly 83% of the issued and excellent shares of widespread inventory instantly following the closing of the enterprise mixture. Velodyne and its directors and govt officers might even be deemed to be individuals in the solicitation of proxies from the shareholders of GRAF in reference to the enterprise combination and the Extension.

GRAF’s stockholders and other involved persons are advised to read, when accessible, the preliminary proxy statements and the amendments thereto and the definitive proxy statements and paperwork incorporated by reference therein filed in connection with the proposed transaction and the Extension, as these materials will include vital information about Velodyne, GRAF, the proposed transaction and the Extension. In addition, GRAF has filed a preliminary proxy assertion and intends to file a definitive proxy assertion to be used at its particular meeting of stockholders to approve an extension of time wherein GRAF should full a business combination or liquidate the belief account that holds the proceeds of GRAF’s preliminary public providing (the “Extension”). In reference to the proposed business combination, GRAF intends to file a preliminary proxy statement and a definitive proxy assertion with the SEC. GRAF shareholders must also prolong GRAF’s deadline to complete a business mixture before July 31, 2020, a preliminary proxy for which was filed with the SEC by GRAF on June 26, 2020. A replica of the merger agreement might be filed as an exhibit to a current report on Form 8-K to be filed by GRAF with the United States Securities and Exchange Commission (“SEC”) in reference to the proposed transaction.

Certain statements made in this release are “forward wanting statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used on this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “might,” “will,” “should,” “future,” “suggest” and variations of these words or related expressions (or the negative versions of such words or expressions) are meant to establish forward-trying statements. While some high quality assurance and high quality management activities are interrelated, the 2 are defined otherwise. However, the local governments do not dispose of the waste by themselves however as an alternative rent non-public corporations that have been granted the precise from the Pollution Control Department (PCD) in Thailand. The governor obtained comparatively little scientific consideration till James Clerk Maxwell revealed a paper that established the beginning of a theoretical basis for understanding management idea. Graf Industrial Corp. is a particular goal acquisition company based by James Graf and Michael Dee, formed for the aim of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or related business mixture. When obtainable, the definitive proxy statement and different relevant supplies for the proposed business mixture and the Extension might be mailed to stockholders of GRAF as of a document date to be established for voting on the proposed enterprise combination and the Extension, respectively.

A list of the names of such directors and government officers and information regarding their pursuits within the proposed enterprise combination and the Extension will likely be included within the proxy statement for the proposed business mixture and the Extension, respectively, when available. GRAF and its administrators and govt officers may be deemed individuals in the solicitation of proxies from GRAF’s shareholders with respect to the business combination and the Extension. Important components, amongst others, that may have an effect on precise outcomes or outcomes embody the lack to finish the proposed enterprise mixture or the Extension; the shortcoming to recognize the anticipated benefits of the proposed enterprise mixture; the lack to meet the NYSE’s itemizing standards; costs related to the enterprise combination; Velodyne’s capacity to manage progress; Velodyne’s ability to execute its marketing strategy; the timing of revenues from current prospects, together with uncertainties associated to the flexibility of Velodyne’s clients to commercialize their merchandise and the ultimate market acceptance of those merchandise; the uncertain impression of the COVID-19 pandemic on Velodyne’s and its clients’ businesses; uncertainties related to Velodyne’s estimates of the scale of the markets for its merchandise; the speed and diploma of market acceptance of Velodyne’s merchandise; the success of different competing lidar and sensor-associated services and products that exist or could change into obtainable; Velodyne’s capacity to determine and integrate acquisitions; rising costs adversely affecting Velodyne’s profitability; uncertainties associated to Velodyne’s present litigation and potential litigation involving GRAF or Velodyne or the validity or enforceability of Velodyne’s mental property; and basic economic and market situations impacting demand for Velodyne’s products and services.