Latham & Watkins Advises Ouster on US$200 Million Public Offering of Common Stock

Ouster, Inc. (Nasdaq: OUST) (Ouster or the company), a leader in sensing and perception for physical AI, has announced the pricing of an underwritten public offering of 3,621,876 shares of the company’s common stock (the offering). The shares of common stock are being sold at a public offering price of US$55.22 per share, before underwriting discounts and commissions. All of the shares in the offering are being sold by the company. The gross proceeds to Ouster from the offering are expected to be approximately US$200 million, before deducting underwriting discounts and commissions and other offering expenses. The company has granted the underwriter of the offering a 30-day option to purchase up to an additional 543,281 shares of common stock at the public offering price, less the underwriting discounts and commissions. The offering is expected to close on or about July 6, 2026, subject to the satisfaction of customary closing conditions.

Latham & Watkins is advising Ouster in the offering with a corporate team led by Orange County partner Drew Capurro, with associates Kennedy Holmes, Ivana Valdez, Brock Meyer, and Ashley Nelson.