OUST · Ouster, Inc.

Ouster, Inc. completed a follow-on public offering of common stock, raising approximately $191.9 million in net proceeds. The offering was underwritten by Northland Securities, Inc. and consisted of 3,621,876 shares sold at $55.22 per share, with an option for the underwriter to purchase an additional 543,281 shares to cover over-allotments. The company utilized its existing shelf registration statement on Form S-3 (File No. 333-297220) to facilitate the offering. The net proceeds are intended for general corporate purposes, as described in the prospectus supplement, which may include working capital, capital expenditures, and potential acquisitions. The underwriting agreement includes customary terms, including a 60-day lock-up period for the company and its insiders to prevent immediate dilution and support share price stability. The offering bolsters Ouster's balance sheet, providing substantial liquidity to fund its lidar technology development and commercial expansion. Investors should note the potential dilution from the additional 3.6 million shares and the possibility of further dilution if the over-allotment option is exercised. The lock-up agreement restricts insider sales, reducing near-term selling pressure. Overall, this capital raise positions Ouster for continued growth in the competitive lidar market.