Vicarious Surgical and D8 Holdings today announced a definitive business combination agreement for $425 million, including a $115 million PIPE.
The transaction values the combined company at an enterprise value of approximately $1.1 billion.
Pending shareholder approval, upon closing the combined company will operate as Vicarious Surgical and will list on the NYSE under RBOT.
Backed by investors including Bill Gates, Vicarious is a robotics technology company seeking to improve both cost and efficiency of surgical procedures as well as patient outcomes. Read more.
