For these causes, the industry of product testing has been on the rise these days. Within the occasion the closing price of the common stock of the combined company on the NYSE is at the very least $15.00 for 20 days of any 30-day period from the date hereof through the date that is six months after the closing of the merger, two million additional shares of the mixed company’s stock will 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 frequent inventory, models and warrants commerce under the ticker symbols GRAF, GRAF.U and GRAF WS, respectively. Assuming no redemptions of GRAF public shares, Velodyne’s current shareholders will hold approximately 83% of the issued and outstanding shares of common stock instantly following the closing of the enterprise mixture. Velodyne and its administrators and government officers may even be deemed to be contributors in the solicitation of proxies from the shareholders of GRAF in connection with the enterprise mixture and the Extension.

GRAF’s stockholders and different involved individuals are advised to read, when available, the preliminary proxy statements and the amendments thereto and the definitive proxy statements and documents integrated by reference therein filed in reference to the proposed transaction and the Extension, as these materials will contain important 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 statement for use at its particular meeting of stockholders to approve an extension of time through which GRAF must complete a enterprise combination or liquidate the belief account that holds the proceeds of GRAF’s preliminary public offering (the “Extension”). In reference to the proposed business combination, GRAF intends to file a preliminary proxy assertion and a definitive proxy statement with the SEC. GRAF shareholders must also extend GRAF’s deadline to finish a enterprise combination before July 31, 2020, a preliminary proxy for which was filed with the SEC by GRAF on June 26, 2020. A duplicate of the merger settlement shall be filed as an exhibit to a present 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 on this release are “ahead looking statements” within the which means of the “secure 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,” “may,” “will,” “ought to,” “future,” “suggest” and variations of those words or similar expressions (or the detrimental variations of such phrases or expressions) are supposed to identify ahead-trying statements. While some high quality assurance and high quality control activities are interrelated, the 2 are defined in another way. However, the local governments don’t dispose of the waste by themselves however instead hire private corporations which were granted the right from the Pollution Control Department (PCD) in Thailand. The governor received comparatively little scientific consideration until James Clerk Maxwell published a paper that established the beginning of a theoretical foundation for understanding control idea. Graf Industrial Corp. is a special goal acquisition firm based by James Graf and Michael Dee, formed for the aim of effecting a merger, share alternate, asset acquisition, share purchase, reorganization or similar enterprise combination. When available, the definitive proxy statement and other relevant materials for the proposed enterprise mixture and the Extension might be mailed to stockholders of GRAF as of a file date to be established for voting on the proposed enterprise combination and the Extension, respectively.

A list of the names of such directors and executive officers and information concerning their pursuits within the proposed enterprise mixture and the Extension can be included within the proxy assertion for the proposed enterprise combination and the Extension, respectively, when out there. GRAF and its administrators and executive officers may be deemed individuals in the solicitation of proxies from GRAF’s shareholders with respect to the business mixture and the Extension. Important elements, amongst others, which will have an effect on actual results or outcomes embrace the lack to finish the proposed enterprise mixture or the Extension; the shortcoming to recognize the anticipated benefits of the proposed business mixture; the lack to satisfy the NYSE’s itemizing requirements; costs related to the business combination; Velodyne’s capacity to manage development; Velodyne’s capacity to execute its business plan; the timing of revenues from existing customers, together with uncertainties related to the power of Velodyne’s clients to commercialize their merchandise and the last word market acceptance of these products; the unsure influence of the COVID-19 pandemic on Velodyne’s and its customers’ businesses; uncertainties associated to Velodyne’s estimates of the size of the markets for its merchandise; the speed and diploma of market acceptance of Velodyne’s merchandise; the success of other competing lidar and sensor-related products and services that exist or might develop into available; Velodyne’s capacity to establish and combine acquisitions; rising costs adversely affecting Velodyne’s profitability; uncertainties associated to Velodyne’s current litigation and potential litigation involving GRAF or Velodyne or the validity or enforceability of Velodyne’s intellectual property; and general financial and market situations impacting demand for Velodyne’s services.