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GRAF-WT
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Graf Industrial Corp. Warrants (each warrant exercisable for one-half of one share of common stock each at an exercise price of $11.50 per share) (GRAF-WT)

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$0.36
Last Close (24-hour delay)
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PASS
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Upturn Advisory Summary

08/13/2025: GRAF-WT (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

0 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

Analysis of Past Performance

Type Stock
Historic Profit 0%
Avg. Invested days 0
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/13/2025

Key Highlights

Company Size ETF
Market Capitalization 0 USD
Price to earnings Ratio -
1Y Target Price -
Price to earnings Ratio -
1Y Target Price -
Volume (30-day avg) -
Beta -
52 Weeks Range 0.13 - 0.30
Updated Date 05/16/2025
52 Weeks Range 0.13 - 0.30
Updated Date 05/16/2025
Dividends yield (FY) -
Basic EPS (TTM) -

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -
Operating Margin (TTM) -

Management Effectiveness

Return on Assets (TTM) -0.4%
Return on Equity (TTM) -

Valuation

Trailing PE -
Forward PE -
Enterprise Value -
Price to Sales(TTM) -
Enterprise Value -
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA -
Shares Outstanding -
Shares Floating 15333238
Shares Outstanding -
Shares Floating 15333238
Percent Insiders -
Percent Institutions -

ai summary icon Upturn AI SWOT

Graf Industrial Corp. Warrants (each warrant exercisable for one-half of one share of common stock each at an exercise price of $11.50 per share)

stock logo

Company Overview

overview logo History and Background

Graf Industrial Corp. was a special purpose acquisition company (SPAC) formed in 2018. It completed a merger with Velodyne Lidar, Inc. in September 2020. These warrants represent the right to purchase Velodyne stock at $11.50 for one-half of one share.

business area logo Core Business Areas

  • Warrants: The warrants themselves represent a financial instrument derived from the original SPAC structure. They provide the holder the right, but not the obligation, to purchase shares of the underlying company (Velodyne) at a predetermined price.

leadership logo Leadership and Structure

Before the merger with Velodyne, Graf Industrial Corp. was led by its management team focused on identifying and acquiring a business. After the merger, the leadership structure shifted to Velodyne's existing management team. The warrants are now tied to Velodyne Lidar's corporate structure.

Top Products and Market Share

overview logo Key Offerings

  • Velodyne Lidar Shares (underlying asset): These warrants relate to the right to acquire Velodyne Lidar shares. Velodyne offers lidar sensors used in autonomous vehicles, robotics, and mapping. Market share data for lidar companies fluctuates, with Velodyne being a pioneer but facing competition from companies like Luminar and Innoviz. Competitors: Luminar (LAZR), Innoviz (INVZ), Ouster (OUST), Aeva (AEVA).

Market Dynamics

industry overview logo Industry Overview

The lidar industry is rapidly growing, driven by the increasing demand for autonomous driving technology, advanced robotics, and mapping solutions. It is highly competitive and technologically driven.

Positioning

The warrants' value is directly tied to the performance of Velodyne Lidar and the overall market sentiment toward lidar technology. Velodyne faces significant competition in a dynamic market.

Total Addressable Market (TAM)

The TAM for the lidar market is projected to be in the tens of billions of dollars over the next decade. Velodyne is positioned to capture a share of this market, but it faces increasing competition to maintain its market share.

Upturn SWOT Analysis

Strengths

  • Early mover advantage in lidar technology (historically)
  • Established brand recognition within the lidar industry (historically)
  • Potential upside tied to Velodyne's growth and innovation.

Weaknesses

  • Dependence on Velodyne's success
  • Dilution risk associated with warrant exercise
  • Vulnerability to changes in Velodyne's stock price
  • Intense competition within the lidar market

Opportunities

  • Growth in autonomous vehicle market
  • Expansion into new lidar applications (robotics, mapping)
  • Potential for strategic partnerships or acquisitions for Velodyne
  • Technological advancements in lidar sensors

Threats

  • Increased competition from established and emerging lidar companies
  • Technological obsolescence
  • Regulatory hurdles for autonomous vehicles
  • Economic downturn affecting automotive sales and technology investment
  • Velodyne Lidar specific issues

Competitors and Market Share

competitor logo Key Competitors

  • Luminar Technologies Inc. (LAZR)
  • Innoviz Technologies (INVZ)
  • Ouster Inc. (OUST)
  • Aeva Technologies Inc. (AEVA)

Competitive Landscape

Velodyne Lidar faces intense competition. The warrant's value depends on Velodyne's ability to maintain or increase its market share and innovate to stay ahead of competitors. Its early mover advantage has diminished as other players have entered the space.

Growth Trajectory and Initiatives

Historical Growth: Growth is tied to Velodyne Lidar's historical performance.

Future Projections: Future growth projections depend on Velodyne Lidar's ability to compete and innovate within the lidar market. Analyst estimates for VLDR should be consulted.

Recent Initiatives: Refer to Velodyne Lidar (VLDR) press releases and investor presentations for recent strategic initiatives.

Summary

Graf Industrial Corp. Warrants (VLDRW) are derivative securities tied to Velodyne Lidar's performance. The warrant's value hinges on Velodyne's success in a highly competitive lidar market. Significant risks include competition, technological obsolescence, and market volatility. Positive factors include growth in autonomous vehicles, but market sentiment surrounding growth companies has been variable.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • SEC filings (EDGAR database)
  • Company press releases
  • Analyst reports
  • Financial news sources

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be made based on thorough research and consultation with a qualified financial advisor. The warrant's value is speculative and subject to significant price fluctuations. Market share data is dynamic and may vary across different sources.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Graf Industrial Corp. Warrants (each warrant exercisable for one-half of one share of common stock each at an exercise price of $11.50 per share)

Exchange NASDAQ
Headquaters The Woodlands, TX, United States
IPO Launch date -
CEO, CFO & Director Mr. James A. Graf
Sector -
Industry -
Full time employees -
Website
Full time employees -
Website

Graf Global Corp., a blank check company, focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in The Woodlands, Texas.