In the laser light-bouncing technology space awash with struggling startups, selling to more than autonomous vehicle makers is a popular growth strategy to survive a coming industry shakeout.
Only one of six startups that began public life via special purpose acquisition company sponsorship in the last year is trading above the typical SPAC offering price of $10 a share. A seventh SPAC merger awaits shareholder approval and is trading close to the $10 mark.
The industry that makes...
https://www.freightwaves.com/news/who-will-survive-the-coming-shakeout-of-lidar-suppliers