General Newsroom Hero 1920x480 (4:1)
Our Work

Latham & Watkins Advises Ouster on its deSPAC combination with Colonnade Acquisition Corp.

December 22, 2020
A multidisciplinary deal team is advising longtime client Ouster, a provider of digital lidar sensors for a wide range of applications (automobiles, drones, robots, and other autonomous vehicles), on its merger with Colonnade Acquisition Corp., a special purpose acquisition company.

Ouster, Inc. (“Ouster”) a provider of high-resolution digital lidar sensors for the industrial automation, smart infrastructure, robotics, and automotive industries, and Colonnade Acquisition Corp. (NYSE: CLA) (“Colonnade”), a special purpose acquisition company, have announced their entry into a definitive merger agreement (the “Merger Agreement”). Upon closing of the business combination, the combined company will operate as Ouster, Inc., and is expected to remain listed on the NYSE under the ticker symbol “OUST”.

Latham and Watkins LLP represents Ouster, Inc. in the transaction with a corporate deal team led by New York partner Justin Hamill, Bay Area partner Ben Potter and Houston partner Ryan Maierson, with Orange County associates Nima Movahedi, Brian Umanoff, Madison Mapes, and Abby Timmons. Advice was also provided on capital markets matters by Orange County partner Drew Capurro, with Orange County associates Benjamin Sosin, Traci Biedermann, Gregory Van Buiten and Gabrielle Masse; on tax matters by New York partner Lisa Watts, with New York associate Alan Kimball; on benefits and compensation matters by Bay Area partners James Metz and Ashley Wagner, with Bay Area associate Erik Ward; on intellectual property matters by Bay Area partner JD Marple, with Bay Area associate Adam Kaldor; on finance matters by Bay Area partner Haim Zaltzman, with Bay Area associates Dan Van Fleet and Reena Sahota; on data privacy matters by Washington D.C. partner Jennifer Archie, with Washington D.C. associate James Smith; and on antitrust matters by Washington D.C. partner Mandy Reeves, with Washington D.C. counsel Peter Todaro and Joseph Simei.