The reasons for these actions were listed in the filing as: They also proposed to nominate three candidates for election to the company's board of directors. Three weeks ago, the founder of the company David Hall filed a business proposal seeking the removal of the current Chairman Michael Dee for cause.
The company's growth plans have been overshadow by a soap opera of litigation. VLDR - Product Portfolio (March Company Presentation) The stock currently trades at just over two bucks a share and sports an approximate market capitalization of $450 million. The company aims to be a low-cost, high-quality, high-volume manufacturing concern. Velodyne also provides lidar-based perception software paired with sensors. The company produces surround-view lidar for autonomous vehicles, drones, security, mobile robots, and mapping applications and solid state lidar for advanced driver assistance systems and autonomous applications. Velodyne Lidar is based out in San Jose, California. VLDR - Stock Chart (Seeking Alpha) Company Overview Can the stock rebound and alleviate the pain for its shareholders? We attempt to answer that question via the analysis below. Velodyne Lidar came public via a SPAC and after the past year, the shares find themselves deep in ' Busted IPO ' territory. This is our second foray into this sub-sector of the market, as we recently profiled Luminar Technologies ( LAZR). Today, we take our first in depth look at Velodyne Lidar ( NASDAQ: VLDR), a small cap concern in the fast growing Lidar sensor space. "Litigation: A machine which you go into as a pig and come out of as a sausage." ― Ambrose Bierce
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