Colonnade Acquisition to merge with Ouster in a $1.6bn deal.

Ouster, a provider of high-resolution digital lidar sensors for the industrial automation, smart infrastructure, robotics, and automotive industries, went public via a SPAC merger with Colonnade Acquisition, a special purpose acquisition company, in a $1.6bn deal. “Today is an exciting moment and major milestone for Ouster. The capital raised through our transition to a publicly traded company will enable us to further accelerate the adoption of our proven technology across multiple end markets and realize a safer, smarter, more efficient future," Angus Pacala, Ouster Co-Founder and CEO. On February 24, 2021, Colonnade Acquisition reminds shareholders to vote in favor of the proposed business combination with Ouster before March 9, 2021.