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I agree. The management team here is as good as their product!
I know the pot stock hype has died down these days, but it still boggles my mind that no one in the US or Canada realizes that they can buy stock in the best premium organic cannabis LP in North America. Have you read any of the reviews of their Simply Bare line of cannabis? All rave reviews. And the deal with Pax vaporizers is awesome in my eyes.
Someone on the Canadian side bought big @4.00 Canadian. If price holds at $4.10 Canadian, that equates to $3.12 on the U.S. side! Rubicon Organics starting to get noticed.
Wow! Huge volume on the Canadian side today!
I am going to hold onto my warrants long term. But sell my regular shares pre merger and buy back in post merger after the share increase.
I voted for everything, but against the share increase. Seems silly that they would expect someone to vote for diluting the value of their position.
Same thing happened with GRAF when it merged and became Velodyne. They increased the shares post merger, and the share price suffered. Bottom line, I lost value post merger. Should have sold right before merger. It would be different if they increased the shares by means of a forward split.
Here is the share structure increase (dilution) that SPAQ wants their shareholders to vote for.
The Authorized Share Charter Proposal — To consider and vote upon a proposal to (a) increase the number of authorized shares of Spartan’s Class A Common Stock, par value $0.0001 per share (the “Class A Common Stock”), from 200,000,000 shares to 750,000,000 shares, (b) increase the number of authorized shares of Spartan’s Class B Common Stock, par value $0.0001 per share (the “Class B Common Stock”), from 20,000,000 shares to 150,000,000 shares, and (c) increase the number of authorized shares of Spartan’s Preferred Stock, par value $0.0001 per share, from 1,000,000 shares to 15,000,000 shares. The Authorized Share Charter Proposal is conditioned on the approval of the Business Combination Proposal and the NYSE Proposal.
In the long run, it’ll be a good thing that Ford is here.
Or the price was going down so someone big could buy in like this!
Ford Reports 7.6% Stake In Newly Public Velodyne Lidar
6:01pm ET 10/5/2020 Benzinga
Mentioned in article
BIDUFVLDR
After Monday's close, Ford Motor Company (NYSE: F) reported a 7.6% ownership stake in Velodyne Lidar (NASDAQ: VLDR). Ford owns 13,065,444 shares of the newly public company.
Velodyne Lidar recently merged with SPAC Graf Industrial Corp (NYSE: GRAF).
What To Know: Ford became a partial owner in Velodyne Lidar back in 2016 alongside Baidu Inc (NASDAQ: BIDU), which together invested $150 million in the company. Baidu has not issued a 13G as of this writing.
The 13G filing shows Ford did not sell any of their shares and added to their position. Ford was not subject to a lockup and was free to sell their shares when Velodyne became a publicly-traded company.
Why It's Important: Ford's new CEO Jim Farley has made electric vehicles and autonomous vehicles a huge priority for the company going forward. He vowed to 'Turn around automotive operations, allocate capital to Ford's strongest franchises and high-growth opportunities; produce compelling uniquely Ford electric vehicles at scale; and stand up new AV-enabled businesses.'
Ford is a partner with Velodyne on developing a fully autonomous car for ride-share and taxis. Plans called for these cars to hit the market in 2021, but that has since been delayed to 2021.
Mizuho analyst Vijay Rakesh recently sized up the lidar market and highlighted six stocks to own in the sector. Rakesh sees the global lidar market going from $1.5 billion in 2019 to $3.6 billion in 2025.
What's Next: Velodyne Lidar will report third-quarter earnings on Nov. 5.
The company announced in September that it has $970 million in deals through 2024, an increase of $130 million since the merger with Graf was announced. The company is estimating revenue to hit $101 million for fiscal 2020.
Shares of Velodyne were up 4.4% to $16.95 in after-hours trading Monday.
My post a little earlier on the VLDR board:
I think it’s the share structures of these Spac’s post merger that’s the problem. The original GRAF shares are being diluted. Original shareholders are only ending up with a small percentage of the new company. Same thing happening to SHLL share holders.
I think it’s the share structures of these Spac’s post merger that’s the problem. The original GRAF shares are being diluted. Original shareholders are only ending up with a small percentage of the new company. Same thing happening to SHLL share holders.
Look at another SPAC merger.... SHLL into HYLN
Depends on how the share structure is set up after the merger. GRAF merger with VLDR has done nothing but go down since the merger was completed. Insiders and PIPE investors selling shares right away. The problem with the spac’s is that the existing GRAF shareholders only end up with a fraction of the new amount of shares. Hopefully SPAQ is set up differently.
Rubicon Organics Expands 2.0 Offering with PAX LABS® Partnership
VANCOUVER, BRITISH COLUMBIA – Oct 6, 2020
Rubicon Organics’ to fill organic cannabis oil pods for the PAX® ERA™ and PAX® ERA Pro™ premium vaporizers
Expected launch across Canada in H1 2021
Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer focused on cultivating and selling organic certified and premium cannabis, is pleased to announce that it has entered into a distribution agreement with PAX Labs, Inc., a leader in premium cannabis vaporization technology.
PAX
Under the agreement, Rubicon Organics expects to launch pods for the closed-loop PAX ERA system under its Simply Bare™ Organics brand, filled with extracts formulated with its organic cannabis cultivated in Delta, BC.
PAX pods are expected to be available for distribution in the first half of 2021.
The agreement represents the Company’s second partnership for the distribution of cannabis 2.0 products following the agreement with Wildflower Brands Inc. (CSE:SUN) to manufacture and distribute Wildflower CBD Relief Stick and CBD Cool Sticks.
“This agreement matches the highest quality organic cannabis products and the highest quality vaporizer devices for Canadian consumers. Our organic cannabis delivers a very rich terpene profile through our proprietary cultivation techniques for the discerning cannabis consumer,” said Jesse McConnell, Chief Executive Officer. “We look forward to partnering with PAX, as their devices are proven best-in-class and have been developed to maximize the user experience.”
“Our innovation pipeline is building momentum,” said Tim Roberts, President. “This exciting partnership with PAX, enables us to accelerate our premium 2.0 product range into vape products. We expect to also leverage this technology partnership with our new brands and rare new strains that we expect to launch into the Canadian market in the near term.”
“We are thrilled to be bringing Rubicon Organics’ premium, organic certified and sustainably produced cannabis to our PAX customers,” said Tim Pellerin, General Manager Canada and International, PAX Labs. “Both brands share an ethos of quality and craftmanship, and we look forward to delivering a highly personalized, terpene-rich experience to discerning cannabis consumers across Canada early next year.”
What the hell is going on? This is one of the few SPAC mergers where the end company, Velodyne, actually makes a profit.
What do you all make of today’s GRAF into VLRD. Why down 23% today? I’m guessing it will recover at least a little bit of today’s losses tomorrow. Does it pay to even get into these spac’s early? Or wait until after they complete their merger?
Tomorrow......$VLDR
Velodyne Lidar, Graf Industrial Report Completion Of Merger As Of Sept. 30; Will Trade Under Ticker 'VLDR'
4:03pm ET 9/29/2020 Benzinga
TSV-V: ROMJ OTCQX: ROMJF
Rubicon Organics to Present at the 2020 Virtual US Cannabis Symposium Hosted by Canaccord
VANCOUVER, BRITISH COLUMBIA – Sep 24, 2020
Rubicon Organics Inc. (TSXV:ROMJ) (OTCQX:ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer focused on cultivating and selling organic certified, premium cannabis, is pleased to announce that Jesse McConnell, CEO, will be presenting at the 2020 Virtual US Cannabis Symposium, hosted by Canaccord Genuity Capital Markets, on Wednesday, September 30, 2020.
Mr. McConnell will be hosting a live presentation at 1:30pm EDT (10:30am PST) and will be available for one-on-one meetings with investors.
TSLA’s disappointing battery day affected all of the EV spac’s today.
The ratio 1 for 1 with the warrants to common. For each warrant plus $11.50 = 1 common share.
Rubicon Organics to Commence Trading on the
TSX Venture Exchange
VANCOUVER, BRITISH COLUMBIA – Sep 18, 2020
Trading on TSX Venture Exchange to commence September 22, 2020 under ticker symbol ROMJ
Rubicon Organics Inc. (CSE:ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer focused on cultivating and selling organic certified, premium cannabis, is pleased to announce that further to its press release dated July 27, 2020, the Company has received final approval to list its common shares and 3,150,000 warrants of the Company on the TSX Venture Exchange (the “TSX-V”).
The common shares and warrants of the Company are expected to be voluntarily delisted from the Canadian Securities Exchange at the close of trading on September 21, 2020 and are expected to commence trading on the TSX-V at the opening of trading on September 22, 2020. The Company’s common shares will continue to trade under the symbol “ROMJ” and its warrants will continue to trade under the symbol “ROMJ.WT”.
“Rubicon Organics is listing on the TSX-V to increase the liquidity of our common shares and raise our profile in the capital markets. Having recently closed an equity financing during very challenging market conditions, we have secured the balance sheet we require to execute on a very exciting pipeline of milestones which includes ramping production and revenue at our Delta, BC facility, expanding our distribution capabilities and investing in product innovation showcasing our super-premium and organic certified cannabis,” said Jesse McConnell, Chief Executive Officer.
On September 14, 2020, Graf Industrial Corp. filed an 8-K under Item 3.01 and Item 7.01, and a copy of the disclosure therein is being filed herewith as soliciting material.
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On September 13, 2020, Graf Industrial Corp. (“Graf” or the “Company”), in connection with its proposed business combination with Velodyne Lidar, Inc. (the “Business Combination”) and acting pursuant to authorization from its Board of Directors, determined (i) to voluntarily withdraw the listing of Graf’s common stock, warrants, and units from the New York Stock Exchange (the “NYSE”), and (ii) to list the post-combination company’s common stock and warrants on The Nasdaq Stock Market LLC (“Nasdaq”), in each case subject to the closing of the Business Combination. Trading of the common stock and warrants of the post-combination company, Velodyne Lidar, Inc., is expected to begin on Nasdaq at market open on or about September 30, 2020 under the symbols “VLDR” and “VLDRW”, respectively. The last day of trading on the NYSE is expected to be on or about September 29, 2020.
VLDR to be trading on Nasdaq Sept 30th!
Rubicon Organics Signs Licensing Agreement with Wildflower for Topical Cannabis Products
VANCOUVER, BRITISH COLUMBIA – Sep 16, 2020
First agreement for Rubicon Organics to enter 2.0 market
Leverages Rubicon Organics’ production, distribution and sales infrastructure
Sales expected to commence in the first half of 2021
Rubicon Organics Inc. (“Rubicon Organics” or the “Company”) (CSE:ROMJ | OTCQX:ROMJF), is pleased to announce that it has entered into a brand licensing agreement (the “Agreement”) with Wildflower Brands Inc. (“Wildflower”)(CSE:SUN).
Under the Agreement, Wildflower will license its brand and intellectual property to Rubicon Organics for the production of Wildflower-branded CBD Relief Sticks and CBD Cool Sticks in Canada (collectively “Wildflower Products”). Rubicon Organics will manufacture and distribute the Wildflower Products in Canada with product launch expected to be in the first half of 2021.
“Wildflower has developed a track record as a trusted brand with proven intellectual property and consumer appeal. The market for topicals is still greenfield in Canada and Rubicon Organics is excited to be one of the first companies to launch products in this market segment, planned for release in the first half of 2021. Our agreement with Wildflower fits inside our portfolio of premium products and allows us to leverage our sales, marketing and operating expertise,” says Jesse McConnell, Chief Executive Officer.
stick-1
Click here to view Press Releases
About Rubicon Organics Inc.
Rubicon Organics Inc., through its wholly owned subsidiary Vintages Organic Cannabis Company Inc., holds a license to cultivate and process certified organic, premium cannabis at its flagship 125,000 sq. ft. state-of-the-art hybrid greenhouse located on a 20-acre property in Delta, BC, Canada. The Company is focused on achieving industry leading profitability through the development of the brand identity Simply Bare™ Organic, that combines the sale of high-margin, premium organic products with low-cost sustainable production. The Company is currently ramping up to production capacity of 11,000 kg per year of certified organic and environmentally sustainable cannabis.
About Wildflower Brands Inc.
Wildflower is a Vancouver-based pioneer in the cannabis industry that develops, designs and operates brands throughout North America. Wildflower’s brands work together to make Wildflower a leader in cannabis innovation throughout the globe. The Company operates British Columbia’s largest retail cannabis chain under the brand City Cannabis Co.
Contact Information
Corporate:
Margaret Brodie
Chief Financial Officer
+1 (437) 929-1964
ir@rubiconorganics.com
Cautionary Statement Regarding Forward Looking Information
This press release contains forward-looking information within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, statements regarding Rubicon Organics' proposed brand launches and path to market are "forward-looking statements". Forward-looking information can be identified by the use of words such as “will” or variations of such word or statements that certain actions, events or results "will" be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. The forward-looking information in this press release is based upon certain assumptions that management considers reasonable in the circumstances, including the timing of the launch of Wildflower Products and the timing of future product launches by Rubicon Organics. Risks and uncertainties associated with the forward looking information in this press release include, among others, dependence on obtaining and maintaining regulatory approvals, including acquiring and renewing federal, provincial, local or other licenses and any inability to obtain all necessary governmental approvals licenses and permits for construction at its facilities in a timely manner; regulatory or political change such as changes in applicable laws and regulations, including bureaucratic delays or inefficiencies or any other reasons; any other factors or developments which may hinder market growth; Rubicon Organics' limited operating history and lack of historical profits; reliance on management; and the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and the need to secure and maintain corporate alliances and partnerships, including with customers and suppliers; and the effects of the COVID-19 pandemic. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. Although Rubicon Organics has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. Rubicon Organics assumes no obligation to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.
Rubicon Organics, 505 – 744 West Hastings Street, Vancouver, British Columbia V6C1A5, Canada
Tesla’s battery day is supposed to be sept 22nd
Only others I’ve heard of are a company called Solid Power and a company called 24M. But QuantumScape has both of them beat. I don’t believe Tesla’s big battery day is going to have anything about solid state batteries.
They do seem to be in the lead as far as solid state batteries go.
Are you referring to QuantumScape’s deal with VW
Press Release: Graf Industrial Corp. Announces Special Meeting Date to Approve Proposed Business Combination with Velodyne and Move to Nasdaq
5:43pm ET 9/14/2020 Dow Jones
Mentioned in article
GRAF
Graf Industrial Corp. Announces Special Meeting Date to Approve Proposed Business Combination with Velodyne and Move to Nasdaq
PR Newswire
HOUSTON, Sept. 14, 2020
HOUSTON, Sept. 14, 2020 /PRNewswire/ -- Graf Industrial Corp. ("Graf" or the "Company") (NYSE: GRAF, GRAF.U, GRAF WS), a special purpose acquisition company, announced today that it has scheduled the special meeting of its stockholders (the "Special Meeting") to approve its proposed business combination (the "Business Combination") with Velodyne Lidar, Inc. ("Velodyne") for September 29, 2020.
Graf, whose securities are currently listed on the New York Stock Exchange (the "NYSE"), also announced that it intends to list the shares of common stock and warrants of the post-combination company, to be named Velodyne Lidar, Inc., on The Nasdaq Stock Market LLC ("Nasdaq") under the ticker symbols "VLDR" and "VLDRW", respectively, following the closing of the Business Combination. The decision to list on Nasdaq was made in consideration of the Business Combination and enables the post-combination company to be listed alongside the other innovative technology companies that are also listed on Nasdaq. At the closing of the Business Combination, Graf will also delist its units, shares of common stock and warrants from the NYSE. The Nasdaq listing and NYSE delisting are subject to the closing of the Business Combination and fulfillment of all Nasdaq listing requirements.
Earlier today, Graf filed its definitive proxy statement for the Special Meeting (the "Proxy Statement") and expects to mail the Proxy Statement to its stockholders of record as of September 14, 2020, the record date for the Special Meeting (the "Record Date"), on or about September 17, 2020. Graf urges all of its stockholders of record as of the Record Date to review the Proxy Statement and submit their votes on the proposals set forth therein in advance of the Special Meeting. If you are a Graf stockholder of record as of the Record Date, please vote as soon as possible by following the instructions set forth in the Proxy Statement to make sure that your shares are represented at the Special Meeting. If you are a Graf stockholder and hold your shares in "street name" through a bank, broker or other nominee, please follow the instructions provided to you by your bank, broker or other nominee to ensure that your shares are represented and voted at the Special Meeting.
The closing of the Business Combination is subject to several closing conditions, including but not limited to, stockholder approval of the proposals presented at the Special Meeting and the satisfaction of other customary closing conditions. If stockholders do not approve the proposals at the Special Meeting and Graf is unable to consummate an initial business combination by the deadline set forth in its current charter, Graf will be required to dissolve. Each vote is therefore very important.
About Graf Industrial Corp.
Graf Industrial Corp. is a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination. Graf began trading on the NYSE in October 2018 and its common stock, units and warrants currently trade under the ticker symbols GRAF, GRAF.U and GRAF WS, respectively. Graf's website is www.grafacq.com.
About Velodyne Lidar, Inc.
Velodyne Lidar is a global leader in lidar technology providing real-time 3D vision for autonomous systems thereby empowering the autonomous revolution by allowing machines to see their surroundings. Its lidar-based smart vision solutions are well known in the automotive industry, but also deployed in many nonautomotive applications, such as last-mile delivery, autonomous mobile robots, unmanned aerial vehicles (UAVs), advanced security systems, and smart city initiatives. Velodyne's website is www.velodyne.com.
Forward Looking Statements
Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose", "guidance", "outlook", "reaffirm" and variations of these words or similar expressions (or the negative versions of such words or expressions) are used to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Graf's or Velodyne's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include the inability to complete the Business Combination; the inability to recognize the anticipated benefits of the Business Combination; the inability to meet Nasdaq listing standards; costs related to the Business Combination; Velodyne's ability to manage growth; Velodyne's ability to execute its business plan; the timing of revenue from existing customers, including uncertainties related to the ability of Velodyne's customers to commercialize their products and the ultimate market acceptance of these products; the uncertain impact of the COVID-19 pandemic on Velodyne's and its customers' businesses; uncertainties related to Velodyne's estimates of the size of the markets for its products; the rate and degree of market acceptance of Velodyne's products; the success of other competing lidar and sensor-related products and services that exist or may become available; Velodyne's ability to identify and integrate acquisitions; rising costs adversely affecting Velodyne's profitability; uncertainties related to current litigation and potential litigation involving Graf or Velodyne or the validity or enforceability of Velodyne's intellectual property; and general economic and market conditions impacting demand for Velodyne's products and services. Other factors include the possibility that the Business Combination does not close, including due to the failure to receive required stockholder approvals, the failure to satisfy other closing conditions under the merger agreement relating to the Business Combination, and other risks and uncertainties included in the Proxy Statement relating to the Business Combination, including those under "Risk Factors" therein, and in other filings with the SEC. Neither Graf nor Velodyne undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Important Information About the Business Combination and Where to Find It
In connection with the Business Combination, Graf has filed the Proxy Statement with the Securities and Exchange Commission (the "SEC"). The stockholders of Graf and other interested persons are advised to read the Proxy Statement, as it contains important information about Velodyne, Graf and the Business Combination. The Proxy Statement and other relevant materials for the Business Combination will be mailed on or about September 17, 2020 to stockholders of Graf as of the Record Date established for voting on the Business Combination. Stockholders will also be able to obtain copies of the Proxy Statement and other documents filed with the SEC by Graf, without charge, once available, at the SEC's web site at www.sec.gov, or by directing a request to: Graf Industrial Corp., 118 Vintage Park Blvd., Suite W-222, Houston, Texas 77070, Attention: Chief Executive Officer, (310) 745-8669.
Participants in the Solicitation
Graf and its directors and executive officers may be deemed participants in the solicitation of proxies from stockholders of Graf with respect to the Business Combination. A list of the names of those directors and executive officers and a description of their interests is contained in Graf's annual report on Form 10-K for the fiscal year ended December 31, 2019, which was filed with the SEC and is available free of charge at the SEC's website at www.sec.gov, or by directing a request to Graf Industrial Corp., 118 Vintage Park Blvd., Suite W-222, Houston, Texas 77070, Attention: Chief Executive Officer, (310) 745-8669. Additional information regarding the interests of participants in the solicitation of proxies in connection with the Business Combination is contained in the Proxy Statement.
No Offer or Solicitation
This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Business Combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act, or an exemption therefrom.
Contact information
Graf Industrial Corp.
James Graf
Chief Executive Officer
james@grafacq.com
Velodyne Lidar, Inc.
Andrew Hamer
Chief Financial Officer
InvestorRelations@velodyne.com
View original content:http://www.prnewswire.com/news-releases/graf-industrial-corp-announces-special-meeting-date-to-approve-proposed-business-combination-with-velodyne-and-move-to-nasdaq-301130481.html
SOURCE Graf Industrial Corp.
/Web site: www.grafacq.com
(END) Dow Jones Newswires
September 14, 2020 17:43 ET (21:43 GMT)
The solid state battery will be one of the biggest ‘picks and shovel’ of the EV’s
I hub has the float at 23,750,000
So I keep my class A shares and receive $10.30 per share after the merger!
Down on low volume. I’m thinking, it’s just resetting after the initial jump. People are waiting to find a bottom to buy in.
Why would I want to trade my class A shares for only $10.30 when I can sell them on the open market for $16.29.
What do you think about this part of the filing?
Pursuant to our Charter, we are providing the holders of shares of Class A Common Stock originally sold as part of the units issued in our initial public offering (the “IPO” and such holders, the “public stockholders”) with the opportunity to redeem, upon the Closing, shares of Class A Common Stock then held by them for cash equal to their pro rata share of the aggregate amount on deposit (as of two business days prior to the Closing) in the trust account (the “Trust Account”) that holds the proceeds (including interest not previously released to Spartan to pay its franchise and income taxes) from the IPO and a concurrent private placement of warrants to Spartan
Something going on? Nice run up at the end of the session. Is the merger almost complete?