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 …read more
Source:: Yahoo Finance
