The founder of lidar maker Velodyne is going to war with his own SPAC

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David Hall, the founder of leading lidar manufacturer Velodyne, is going to war with the SPAC that acquired his company. In a letter, Hall is calling for the resignation of two of the company’s SPAC-appointed board directors, whom he blames for Velodyne’s “poor financial performance.”

It’s the latest twist in the increasingly dramatic saga of Velodyne, a top maker of the laser sensors that are viewed as crucial for the operation of autonomous vehicles. Last month, Hall was ousted as chair of the company’s board, and his wife, Marta Thoma Hall, was removed as its chief marketing officer. The board cited an investigation into “inappropriate behavior” by both Halls in its justification for their removal. The Halls remain members of...

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