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Benzinga
Benzinga
Business
Chris Katje

Velodyne Lidar Shares Soar On Amazon Warrant Deal: What Investors Should Know

Amazon Velodyne

Shares of a leading lidar company are soaring after market close Monday, after reporting the purchase of warrants by ecommerce leader Amazon.com Inc (NASDAQ:AMZN).

What Happened: Velodyne Lidar Inc (NASDAQ:VLDR) said in an 8K filing that Amazon has acquired 39,594,032 warrants good for the purchase of common shares of the company’s stock.

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