Symbotic, which is engaged in A.I.-enabled robotics automation technology, completed its merger with SVF Investment 3 and began trading today on the Nasdaq unde ticker symbol SYM.
SVF is an affiliate of SoftBank Investment Advisers. The SPAC’s shareholders approved the merger last week.
Although redemptions totaled nearly $275 million, or about 86% of the SPAC’s $320 million in trust, both parties had the minimum cash requirement fully covered in advance of the vote with $405 million of committed equity capital. Read more.
