FILE PHOTO: A Velodyne LiDAR sensor is seen mounted on a self-driving vehicle during a self-racing cars event at Thunderhill Raceway in Willows, California, U.S., April 1, 2017. REUTERS/Stephen Lam
(Reuters) - A subsidiary of Amazon.com Inc has secured a warrant to acquire 39.6 million shares in Velodyne Lidar Inc, the sensor maker said on Monday, more than doubling its share price in after-market trade.
Shares were up 88% at $7.09, as of 16:35 ET, after gaining as much as 127%.
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