Velodyne Lidar (Graf Industrial) ^{Priced, Nasdaq: VLDR.XX}

We are a newly organized blank check company. While we may pursue an initial business combination target in any business, industry or geographical location, we intend to focus our search on industrial companies, which we define as diversified industrial manufacturing, technology, distribution and service businesses, in the United States and Canada with an aggregate enterprise value of over $1 billion. Our CEO, James Graf, has over 30 years of experience in mergers and acquisitions, private equity, capital markets and corporate management, including serving as a founder and executive officer or as a director of four special purpose acquisition companies. Michael Dee, our President and CFO, held a variety of senior roles in client coverage, mergers and acquisitions, capital markets and firm management during his 26-year tenure at Morgan Stanley. Mr. Graf and Mr. Dee are experienced dealmakers with experience in a wide variety of industries, structures and market conditions, as well as experienced equity and debt capital markets professionals. Our management team expects to benefit from attention from a wide range of investment bankers and other investment market participants to assist with our initial business combination in part because of our fee arrangement with the underwriters of this offering.