Notes:  September 29, 2020 -- Velodyne Lidar, Inc. (“Velodyne”) and Graf Industrial Corp. (“Graf”) jointly announced today that they have closed their previously announced business combination, pursuant to which Velodyne became a wholly owned subsidiary of Graf and Graf changed its name to Velodyne Lidar, Inc. The business combination was approved at a special meeting of Graf’s stockholders held today. Beginning on Wednesday, September 30, 2020, the common stock and warrants of Velodyne Lidar, Inc., the post-combination company, are expected to begin trading on The Nasdaq Global Select Market under the ticker symbols “VLDR” and “VLDRW,” respectively. Graf’s units, common stock and warrants will cease trading on the New York Stock Exchange today. Units each consist of One share of Common Stock and One redeemable Warrant. After the securities comprising the units begin separate trading, the common stock and the warrants are expected to be listed on the NYSE under the symbols GRAF and GRAF WS respectively.

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HOME PAGE:     http://www.grafacq.com
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Address:   118 Vintage Park Blvd., Suite W-222, Houston, TX 77070
Main Phone Number	281-515-3517
Fax Number	Not Available
Investor Contact	281-515-3517

CEO - James A. Graf

CFO - Michael Dee