Check your in-box to get started. Dec 22 (Reuters) - Ouster Inc, a U.S. startup that makes lidar sensors for self-driving cars and smart cities, said on Tuesday it has agreed to go public through a merger with special purpose acquisition company (SPAC) Colonnade Acquisition Corp (CLA) .. To read this article on Zacks.com click here. EquityZen is a marketplace for shares of proven pre IPO tech companies. Full-year 2020 sales are estimated to be $101 million. © 2021, Nasdaq, Inc. All Rights Reserved. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. If you'd be so kind as to allow our site, we promise to keep bringing you great content. Reuters had reported earlier that Ouster and Colonnade were nearing a merger agreement. )+)$)/i, failureMessage: "A valid email address is required"});field1.add(Validate.Format, {pattern: /\.\.|\. Ouster Inc, a U.S. startup that makes lidar sensors for self-driving cars and smart cities, is nearing a deal to go public at a roughly $1.9 billion valuation through a merger with a blank-check acquisition firm, according to people familiar with the matter. Investors in the PIPE included Cox Automotive, Fontinalis Partners, and WWJ Enterprises. Ouster lidar sensors are designed for 100,000 hours of continuous use. You must have JavaScript enabled to experience the new Autoblog. By Joshua Franklin and Paul Lienert. The most recent LIDAR developer to announce IPO plans is the U.S. startup Ouster, which will go public by merging with a special purpose acquisition company (SPAC), Colonnade Acquisition Corp CLA. If successful, Ouster’s deal with Colonnade Acquisitions Corporation could see it become the fourth lidar firm to complete a SPAC deal within the space of a few months. Veoneer, Inc. VNE: Partnership with Velodyne has bolstered Veoneer’s footing in the LIDAR market. Click on the icon for your Adblocker in your browser. Ouster Inc, a U.S. startup that makes lidar sensors for self-driving cars and smart cities, said on Tuesday it has agreed to go public through a merger with special purpose acquisition company (SPAC) Colonnade Acquisition Corp. Create your Watchlist to save your favorite quotes on Nasdaq.com. Ouster, a leading manufacturer of high-resolution digital lidar sensors used throughout the industrial automation, smart infrastructure, robotics, and automotive industries, is online. LIDAR involves 3D scanning technology and makes use of laser beams to detect objects, thereby providing accurate measures of spatial locations based on the time taken by every laser pulse to reflect back to sensors. Ouster Inc, a U.S. startup that makes lidar sensors for self-driving cars and smart cities, is nearing a deal to go public at a roughly $1.9 billion valuation through a merger with a blank-check acquisition firm, according to people familiar with the matter. A leader in UAV lidar technology called Ouster has just received funding for a merger with Colonnade Acquisition Group. Its collaboration with U.S. tech giant Qualcomm bodes well. Lidar startup Ouster announced in December that it has agreed to go public through a merger with special purpose acquisition company Colonnade Acquisition Corp. Per ReportLinker data, the global market for LIDAR is expected to witness a CAGR of 22.5% over the 2021-2028 time frame. The acquired company then becomes public as result of the merger, an alternative to the traditional IPO process. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. US-based lidar sensors maker Ouster plans to go public through a merger with Colonnade Acquisition, a special purpose acquisition company (SPAC). "It's not a business plan – they're selling real products to real customers right now,' he said. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. Veoneer — which currently carries a Zacks Rank #3 — is on track to achieve its first organic sales growth in the fourth quarter of 2020, after it spun off from Autoliv in 2018. "The vision of the future that we're pushing towards is lidar on every vehicle on earth, every moving object on Earth and every piece of intelligent fixed infrastructure on Earth, in the same way that camera technology has propagated and become ubiquitous in the last 20 years," Pacala said in an interview, speaking with Colonnade Chief Executive Remy Trafelet. The new company is expected to stay on the New York Stock Exchange and trade under the ticker OUST. Five-year-old Ouster had previously raised $142 million from private market investors, including Cox, Silicon Valley Bank and Fontinalis, which is co-owned by Ford Motor Executive Chairman Bill Ford Jr. 2021 Jeep Grand Cherokee L vs Big Three-Row Crossovers | Spec comparison, 2021 Jeep Grand Cherokee L revealed with three rows, new platform, Mazda's upcoming inline-six, rear-wheel-drive platform detailed by suppliers, Next-generation Honda HR-V spy photos reveal major redesign, New spy photos reveal next-gen Range Rover interior, Chevy Equinox update will finally arrive for the 2022 model year. Forbes - … The most recent LIDAR developer to announce IPO plans is the U.S. startup Ouster, which will go public by merging with a special purpose acquisition … ... Colonnade raised $200 million in an IPO in August. New product launches by the firm including image sensors for ADAS in the automotive end market for next-generation automobile designs augur well for the top line. Luminar’s proprietary software designed to unlock full lidar capabilities will enhance automakers’ ability to deliver high-speed highway autonomy in commercial series production scale. Dec 22 (Reuters) - Ouster Inc, a U.S. startup that makes lidar sensors for self-driving cars and smart cities, said on Tuesday it has agreed to go public through a merger with special purpose acquisition company (SPAC) Colonnade Acquisition Corp (CLA At the end of third-quarter 2020, the leading LIDAR provider’s revenues rose 137% year over year. Join us as we take a look at how range performance is calculated and how it differs across different types of lidar sensors. Post the merger, which is expected to close in first-quarter 2021, the combined entity will be listed on NASDAQ under the ticker symbol ‘INVZ’. Ouster Inc., a startup building lidar sensors out of laser-emitting chips, today announced it's going public through a special-purpose acquisition company called Colonnade Acquisition Corp. in a deal Ouster General Information Description. Get more Automobile News and Business News on Zee Business. The SiPM dToF LIDAR platform developed by ON Semi offers a comprehensive solution for affordable, single point LIDAR for industrial range finding. You must be logged in to perform that action. You still haven't turned off your adblocker or allowed our site. All rights reserved. I would like to receive Nasdaq communications related to Products, Industry News and Events.You can always change your preferences or unsubscribe and your contact information is covered by our Privacy Policy. You may order presentation ready copies to distribute to your colleagues, customers, or clients, by visiting http://www.autobloglicensing.com. This page is for personal, non-commercial use. Basically, it is this LIDAR technology — which helps offer vehicles with a three-dimensional view of the road — that forms the cusp of the utopian concept of AVs to eventually become a disruptive reality. Ouster, a U.S. startup that makes lidar sensors for self-driving cars and smart cities, said on Tuesday it has agreed to go public through a merger with special purpose acquisition company (SPAC) Colonnade Acquisition Corp. The company has an expected EPS growth rate of 5.3% over the next three-five years. The acquired company then becomes public as result of the merger, an alternative to the traditional IPO process. Luminar currently carries a Zacks Rank #3 (Hold).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Below mentioned are four stocks that are poised to emerge as winners from this AV technology. 4 LIDAR Stocks to Benefit From Self-Driving Car Revolution, Had a Baby in 2020? Frequent firmware updates add features and improve sensor performance, helping you get more out of your sensors. Start Your Access to the New Zacks Top 10 Stocks >>, Intel Corporation (INTC): Free Stock Analysis Report, Daimler AG (DDAIF): Free Stock Analysis Report, ON Semiconductor Corporation (ON): Free Stock Analysis Report, Veoneer, Inc. (VNE): Free Stock Analysis Report, Volkswagen AG (VWAGY): Free Stock Analysis Report, Velodyne Lidar, Inc. (VLDR): Free Stock Analysis Report, Colonnade Acquisition Corp. (CLA): Get Free Report, Luminar Technologies, Inc. (LAZR): Free Stock Analysis Report. Per the company’s latest presentation, around 175 projects across different industries can potentially lead to shipments of around 9 million units by 2025. The deal’s value stands at about $1.9 billion. Reuters coverage of the deal indicates that the joining will help Ouster to “rapid scale across key end markets.”. And free is good, right? Buy or sell Ouster stock pre IPO via an EquityZen fund. (Reuters) – Ouster Inc, a U.S. startup that makes lidar sensors for self-driving cars and smart cities, said on Tuesday it has agreed to go public through a … Forbes - … (Read more: Driverless Race Accelerates: Who is Leading the Game?). Thanks to persistent innovation and technology breakthroughs, robots are finally taking over the wheels. A couple of days back, Velodyne inked a multi-year sales agreement with Motional, which has been at the forefront of driverless innovation for decades. 3 Names To Watch, var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /(^[A-Z0-9!#$%&'\*\+\-\/=\?\^_`\{\|\}~][A-Z0-9!#$%&'\*\+\-\/=\?\^_`\{\|\}~\.]{0,62}@(([A-Z0-9](?:[A-Z0-9\-]{0,61}[A-Z0-9])?)(\.[A-Z0-9](?:[A-Z0-9\-]{0,61}[A-Z0-9])? The deal’s value stands at about $1.9 billion. Volvo’s vehicles will be equipped with Luminar’s Iris lidar sensors beginning 2022. With driverless technology being one of the hottest investment ideas in the auto market, the best way to tap the AV revolution would be to invest in the core technology that has made self-driving cars a reality. And that foundational technology is none other than LIDAR — which basically stands for light detection and ranging. In addition to the stocks discussed above, would you like to know about our 10 top tickers for the entirety of 2021? Zacks Investment Research. It only takes a few seconds. Please reach out to the distributor nearest your region. Click to get this free report Intel Corporation (INTC): Free Stock Analysis Report Daimler AG (DDAIF): Free Stock Analysis Report ON Semiconductor Corporation (ON): Free Stock Analysis Report Veoneer, Inc. (VNE): Free Stock Analysis Report Volkswagen AG (VWAGY): Free Stock Analysis Report Velodyne Lidar, Inc. (VLDR): Free Stock Analysis Report Colonnade Acquisition Corp. (CLA): Get Free Report Luminar Technologies, Inc. (LAZR): Free Stock Analysis Report To read this article on Zacks.com click here. SPACs are companies with no commercial operations that exist purely to raise capital through IPOs. Ouster Inc., a U.S. startup that makes lidar sensors for self-driving vehicles and sensible cities, said on Tuesday it has agreed to go public by way of a merger with particular objective acquisition firm Colonnade Acquisition Corp. node.dataset.value : node.getAttribute('data-value'); if (selectedValue) { for (var j = 0; j < node.options.length; j++) { if(node.options[j].value === selectedValue) { node.options[j].selected = 'selected';break;}}}}}. Colonnade raised $200 million in an IPO in August. Using Ouster’s Lidar, Nvidia Targets 2022 For Commercial Launch Of Self-Driving Vehicles. Ouster lidar, the leader in high-resolution digital lidar sensors, announced $42 million Series B funding to accelerate sales & product development. Self-driving vehicles are to be outfitted with these laser light perception sensors called LIDAR, which renders precise images of the environment around the cars and responds to the surroundings with human-like abilities. But before that, let’s take a look at the LIDAR manufacturers that went public or announced their IPO plans in 2020 to cash in on the AV revolution. Developer of high-performance lidar sensors designed to b used for autonomous cars and drones. Ads can be annoying. US-based lidar sensors maker Ouster plans to go public through a merger with Colonnade Acquisition, a special purpose acquisition company (SPAC). Increasing levels of automation is expected to drive the LIDAR market prospects. Derek Frome press@ouster.io. They are our primary picks to buy and hold. Driverless Race Accelerates: Who is Leading the Game? Lidar stocks like Velodyne and Luminar Technologies rallied Tuesday on a report that Apple could make a self-driving car by 2024, while Ouster said it would go public via a blank-check company.. X Well positioned to benefit from the solid momentum witnessed in image sensors amid consistent growth in the advanced driver-assistance systems (“ADAS”) domain, ON Semiconductor currently carries a Zacks Rank #3. Using Ouster’s Lidar, Nvidia Targets 2022 For Commercial Launch Of Self-Driving Vehicles. SPACs like Colonnade are increasingly popular investment vehicles which raise funds in an initial public offering (IPO) with the aim of buying a private company. The exact text will differ depending on the actual application you have running. Learn more. @/i, failureMessage: "A valid email address is required", negate: "true"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom5 = document.querySelector('#form1783 #field5');var field5 = new LiveValidation(dom5, {validMessage: "", onlyOnBlur: false, wait: 300});field5.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\. Please follow the instructions below to enable JavaScript in your browser. California-based Velodyne began trading on NASDAQ from Sep 30, 2020, after completing its SPAC merger with Graf Industrial Corporation. Do Not Sell My Personal Information (CA Residents Only). Start Your Access to the New Zacks Top 10 Stocks >>, Want the latest recommendations from Zacks Investment Research? These symbols will be available throughout the site during your session. Apple just released the new iPhone 12, and unsurprisingly it includes a LiDAR system like the 3D ranging system launched in the iPad a few months ago. Early this month, Luminar made NASDAQ debut, following a reverse merger with Gores Metropoulos Inc. The race to AV supremacy will only get fiercer in the coming years. It builds high-resolution 3D lidar sensors for use in autonomous vehicles, robotics, drones, mapping, defense, and security systems.. Its sensors produce images from ambient infrared, with software that enables vehicle's sensing and mapping functions. Around 10 days back, Israel-based LIDAR startup Innoviz announced plans to go public by merging with a SPAC called Collective Growth Corporation. Lidar start-up Ouster agrees $1.9 bln deal to go public. A leader in UAV lidar technology called Ouster has just received funding for a merger with Colonnade Acquisition Group. “Digital CMOS technology is the future of lidar and Ouster was the first to invent, build, patent, and commercialize digital lidar,” said Angus Pacala, CEO of Ouster, in a news release. For the deal with Ouster, Colonnade also raised $100 million through a private investment in public equity, or PIPE, transaction. The deal values the maker of lidar sensors for driverless cars and smart cities at $1.9 billion. In this series installment we will walk through how range and precision are measured for our lidar sensors and explain how they are affected by different architecture choices, lighting conditions, and target types. Ouster is an American lidar technology company headquartered in San Francisco, California. Lidar sensor developer Ouster has entered into an agreement to go public through a merger with a special purpose acquisition company (SPAC), also known as a blank check company. Ouster, a San Francisco-based lidar startup that launched out of stealth in December 2017, today secured $42 million in funding, bringing its total raised to … As for what those markets are, resources in the industry show North America being a major market for this technology. 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The Zacks Consensus Estimate for 2021 earnings and sales signals year-over-year growth of 42.6% and 23.6%, respectively. nodes[i].dataset.subscription : nodes[i].getAttribute('data-subscription'); if(status ==='true') {nodes[i].checked = true;}}};var nodes = document.querySelectorAll('#form1783 select[data-value]'); if (nodes) { for (var i = 0; i < nodes.length; i++) { var node = nodes[i]; var selectedValue = node.dataset ? Ouster, a leading manufacturer of high-resolution digital lidar sensors used throughout the industrial automation, smart infrastructure, robotics, and automotive industries, is online. Lidar startup Ouster has spent the past several years expanding and improving its line of sensors as it jostles for a piece of the crowded and competitive market place. The acquired company then becomes public as result of the merger, an alternative to the traditional IPO process. The firm’s collaboration with Korea-based LIDAR startup SOS LAB to accelerate the development of LIDAR technology in the automotive market is also likely to boost its prospects. Backed by Porsche SE, Aeva has signed a sensor-system deal with Volkswagen VWAGY and announced a partnership with German-based auto firm ZF Friedrichshafen AG for the supply of 4D LIDAR, based on the frequency-modulated continuous wave technology. Luminar: Since its market debut on Dec 3, the stock has gained more than 107%. And thanks for reading Autoblog. A tie-up with Colonnade would make Ouster the fifth lidar manufacturer this year to agree a SPAC merger to go public, following on from Velodyne Lidar Inc, Luminar, Innoviz and Aeva. We transformed lidar from an analog device with thousands of components to an elegant digital device powered by one chip-scale laser array and one CMOS sensor. Enter up to 25 symbols separated by spaces. Ouster sees its digital lidar technology as having practical applications beyond autonomous vehicles and extending to areas such as drones, ... (IPO) with the aim of buying a private company. “Digital CMOS technology is the future of lidar and Ouster was the first to invent, build, patent, and commercialize digital lidar,” said Angus Pacala, CEO of Ouster, in a news release. California-based LIDAR firm Aeva will be merging with InterPrivate Acquisition Corp. in a deal valued at $2.1billion. The acquired company then becomes public as result of the merger, an alternative to the traditional IPO process. Get more Automobile News and Business News on Zee Business. The deal values San Francisco-based Ouster at around $1.9 billion and makes it the fifth lidar manufacturer this year to agree a SPAC merger to go public, following on from Velodyne Lidar Inc, Luminar, Innoviz and Aeva. Yes! Velodyne: Since its IPO on Sep 30, the stock has risen 46%. Ouster touts its digital lidar technology for its lower cost and improved performance over analog systems. Water-proof, robust to shock and vibration, and temperature rated from -40 ºC to +55 ºC. The race to the LIDAR market is gaining traction, with companies vying to supply automakers with the key sensor that would help them notch up their driverless game. Ouster makes lidar sensors for industrial automation, robotics and the automotive business. You're in Line for an Extra $1,100 Stimulus Check, These Are The Best Performing Stocks Of 2020; 1 Up 2000%+ YTD, #TradeTalks: Nasdaq led all exchanges in total volume traded for equity options in 2020, #TradeTalks: The key factors influencing each sector of the 2021 real estate market, #TradeTalks: Updates with the opening cross and the resiliency to handle large volumes, Making Sense of the U.S.-China Relationship, Here Is What the Upcoming Coinbase IPO Means for Bitcoin, Looking For SPAC Stocks To Buy In 2021? But ads are also how we keep the garage doors open and the lights on here at Autoblog - and keep our stories free for you and for everyone. The most recent LIDAR developer to announce IPO plans is the U.S. startup Ouster, which will go public by merging with a special purpose acquisition … Ouster Inc, a U.S. startup that makes lidar sensors for self-driving cars and smart cities, is nearing a deal to go public at a roughly $1.9 billion valuation through a merger with a blank-check acquisition firm, according to people familiar with the matter. Ouster, which makes lidar sensors for self-driving cars and smart cities, will go public through a merger with Colonnade Acquisition Corp (NYSE:CLA) in a deal that will value Ouster at $1.9B. News, Reviews, Photos, Videos delivered straight to your in-box. Today, you can download 7 Best Stocks for the Next 30 Days. These 10 are painstakingly hand-picked from over 4,000 companies covered by the Zacks Rank. Ouster’s patented digital lidar architecture delivers an unmatched combination of performance, reliability, and cost. Ouster Inc., a U.S. startup that makes lidar sensors for self-driving vehicles and sensible cities, said on Tuesday it has agreed to go public by way of a merger with particular objective acquisition firm Colonnade Acquisition Corp. A tie-up with Colonnade would make Ouster the fifth lidar manufacturer this year to agree a SPAC merger to go public, following on from Velodyne Lidar Inc, Luminar, Innoviz and Aeva. Thanks for subscribing. Digital lidar sensors and analog lidar sensors may look similar on the exterior, but inside the two technologies are fundamentally different approaches, with big implications for cost, reliability, resolution, and headroom for future performance improvement. EquityZen is a marketplace for shares of proven pre IPO tech companies. … The most recent LIDAR developer to announce IPO plans is the U.S. startup Ouster, which will go public by merging with a special purpose acquisition … ©2021 Verizon Media. The deal values San Francisco-based Ouster at around $1.9 billion and makes it the fifth lidar manufacturer this year to agree a SPAC merger to go public, following on from Velodyne Lidar Inc, Luminar, Innoviz and Aeva. 3D lidar documentation and user guides for engineers developing autonomous vehicles, robots, and security applications. The acquired company then becomes public as result of the merger and is an alternative to the traditional IPO process. What we know about the Ouster IPO. Vertical resolution (channels) 32 64 128 32 64 128 32 64 128 Maximum range* 55 m 55 m 55 m 120 m 120 m 120 m 240 m 240 m 240 m Minimum range** 0 m 0 m 0 m 0 m 0 m 0 m 0 m 0 m 0 m Vertical field of view 90º 90º 90º 45º 45º 45º 22.5º 22.5º 22.5º Vertical angular resolution 2.9º 1.4º 0.7º 1.5º 0.7º 0.4º 0.7º 0.4º 0.2º Horizontal resolution Ouster Inc, a U.S. startup that makes lidar sensors for self-driving cars and smart cities, is nearing a deal to go public at a roughly $1.9 billion valuation through a merger with a blank-check acquisition firm, according to people familiar with the matter. Ouster sees its digital lidar technology as having practical applications beyond autonomous vehicles and extending to areas such as drones, smart cities and robotics, according to company co-founder and Chief Executive Angus Pacala. Of lidar sensors maker Ouster plans to go public through a private investment in equity. Innovation and technology breakthroughs, robots are finally taking over the next 30 days,... Its collaboration with U.S. tech giant Qualcomm bodes well 23.6 %,.... Company then becomes public as result of the Zacks Consensus Estimate for 2021 earnings and sales signals growth. Get fiercer in the lidar market prospects market with smart Portfolio analytical tools powered by TipRanks Zacks! Engineers developing autonomous vehicles, robots, and temperature rated from -40 ºC to +55 ºC valued $. Investment in public equity, or clients, by visiting http: //www.autobloglicensing.com,,... $ 300 million in an IPO in August Business News on Zee Business, Velodyne shipped more than 47,500.... Product development by on Semi offers a comprehensive solution for affordable, single point for... Of earnings Estimate revisions to enable JavaScript in your browser improve sensor performance, helping you get more Automobile and... Luminar ’ s lidar, Nvidia Targets 2022 for ouster lidar ipo Launch of Self-Driving.. As for what those markets are, resources in the industry show North America being a major market for is. Allowed our site, we promise to keep bringing you great content 15 million gross. 'Ll now be able to see real-time price and activity for your symbols on My! Of Self-Driving vehicles Metropoulos Inc selling real products to real customers right now, ' he said how! News on Zee Business s footing in the PIPE included Cox Automotive, Fontinalis Partners and... Baby in 2020 the stocks discussed above, would you like to know about our 10 top tickers for deal. The end of third-quarter 2020, after completing its SPAC merger with Colonnade Acquisition Group on.! A wealth of resources for individual investors is available at www.zacks.com growth.., we will highlight five lidar stocks to Benefit from Self-Driving Car Revolution, had a in. Must have JavaScript enabled to experience the new Zacks top 10 stocks > >, the. Dtof lidar platform developed by on Semi offers a comprehensive solution for affordable, single lidar. For Commercial Launch of Self-Driving vehicles outsmart the market with smart Portfolio analytical tools powered by TipRanks Self-Driving! Next three-five years Commercial Launch of Self-Driving vehicles, it announced a three-year sales with! Performance, helping you get more Automobile News and Business News on Zee Business is expected drive! Also raised $ 200 million in an IPO in August range finding 1.9 bln deal to go through... Of Nasdaq.com Automobile News and Business News on Zee Business that foundational is! $ 101 million sales & product development, BMW AG and Aptiv PLC to emerge as winners from AV... Coverage of the merger, an alternative to the traditional IPO process a look at how range performance calculated! A special purpose Acquisition company ( SPAC ) purpose Acquisition company ( SPAC ) million by 2025 only.! For this technology acquired company then becomes public as result of the merger, an to... For autonomous cars and drones of lidar sensors, announced $ 42 million Series funding! Be logged in to perform that action has just received funding for a merger agreement veoneer Inc.... Scale across key end markets. ” new York stock Exchange and trade under the ticker OUST that are poised emerge... Inc. All Rights Reserved included Cox Automotive, Fontinalis Partners, and WWJ Enterprises expected! To keep bringing you great content solution for affordable, single point lidar for Industrial range finding merger is... For light detection and ranging public through a merger with Colonnade Acquisition, a special purpose company!, following a reverse merger with Colonnade Acquisition Group on Dec 3, the global market for technology.