Global law firm White & Case LLP has advised Graf Industrial Corp. ("GRAF"), a special purpose acquisition company (SPAC) founded by James Graf and Michael Dee, in entering into a definitive agreement for a US$1.8 billion business combination with Velodyne Lidar, Inc. ("Velodyne"), as well as in obtaining US$150 million in PIPE commitments to support the transaction. Velodyne is a developer of Lidar Technology for corporate and consumer markets.
Upon the closing of the transaction, GRAF will be renamed "Velodyne Lidar, Inc." and will remain NYSE-listed under the new ticker symbol VLDR.
The White & Case team was led by partners Joel Rubinstein in New York and Tali Sealman in Silicon Valley, and included partners Elliott Smith in New York and Maia Gez in Silicon Valley (Capital Markets), as well as counsel Jessie Baxter, associates Kathrin Schwesinger and Suni Sreepada in New York; Eric Clamage in Chicago and associate Sarah Phillips in Silicon Valley (M&A). The team was also supported by partner Noah Brumfield in Washington DC (Antitrust); partner Jonathan Rochwarger, associates Sarah Ross, Jared Coppotelli, Jordan Leon (Capital Markets), partners Henrik Patel and Victoria Rosamond, associates Harry Hudesman, Scott Schilson (ECB), partner Arlene Arin Hahn, associate Ketan Pastakia, Jerry Lee (IP/IT), partner David Dreier, associate Adriana Zhan (Tax), partner Steven Lutt (Real Estate) all in New York; counsel F. Paul Pittman, associate Mark Williams (Cybersecurity), partners Cristina Brayton-Lewis, Farhad Jalinous, counsel Keith Schomig (Trade), associate Ashley Williams all in Washington DC; partner Maria Beguiristain, (White Collar) in Miami, partner Ingrid Wijnmalen in Frankfurt, partner William Fong and associate Vincent Lee (M&A) in Hong Kong.
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