Found in Robotics News & Content, with a score of 18.62
August 06, 2021
…June, but only a few involving special-purpose acquisition companies (SPACs). There was also one notable failure: the shutdown and sale of Hayward, Calif.-based Abundant Robotics Inc., which was working on apple-harvesting robots. Speaking of mergers and mobile robots, even though no amount was announced, ABB Group's purchase of ASTI Mobile Robotics Group is significant, with the Zurich-based industrial automation leader adding the Spanish firm's mobile robots to its portfolio. Could more consolidation be coming? While industry analysts tout the potential of agricultural automation, it received only about $11 million last month. Compared with self-driving cars, it has a long way…
Found in Robotics News & Content, with a score of 18.49
May 10, 2021
…autonomy with L4 trucks by the end of 2024. SPAC deal details Hennessy Capital Investment Corp. V (HCIC V) is a special-purpose acquisition company (SPAC) that raised $345 million in its IPO in January 2021 and is listed on the Nasdaq Capital Market. Daniel J. Hennessy founded HCIC V to pursue an initial business combination, with a specific focus on businesses in the sustainable industrial technology and infrastructure industries. The proposed business combination has been unanimously approved by both Plus and HCIC V's boards of directors and is expected to close in the third quarter of 2021, subject to the…
Found in Robotics News & Content, with a score of 18.48
December 02, 2021
…to create opportunities in an estimated $318 billion TAM. SPAC looks to advance sustainable additive manufacturing Upon completion of the transaction with special-purpose acquisition company (SPAC) Atlantic Coastal, which is expected to occur around the end of the first quarter of 2022, the combined company will retain the Essentium name. It expects to be traded on The Nasdaq Stock Market LLC under the new ticker symbol “ADTV.” “We launched Atlantic Coastal with an ESG-centric [environmental, social, and corporate governance] focus and a mandate to partner with a company that will transform the nature of international commerce,” said Shahraab Ahmad, chairman…
Found in Robotics News & Content, with a score of 18.28
March 29, 2023
…with Revolution Acceleration Acquisition Corp., a special-purpose acquisition company (SPAC). Last year, Berkshire Grey entered a purchase and registration rights agreement with Lincoln Park Capital worth up to $75 million. In January, Berkshire Grey partnered with Locus Robotics Corp. to offer cross-platform automation. SoftBank supports robotics companies Tokyo-based SoftBank Group includes an investment holding company that has stakes in robotics, AI, Internet of Things (IoT), telecommunications, Internet services, and clean energy technology providers. The company said it also includes the SoftBank Vision Funds and SoftBank Latin America Funds, which have invested more than $160 billion to help entrepreneurs transform industries…
Found in Robotics News & Content, with a score of 17.97
April 15, 2021
…with D8 Holdings Corp., a special-purpose acquisition company, or SPAC. Waltham, Mass.-based Vicarious said its goal is to create technology to increase the efficiency of surgical procedures, improve patient outcomes, and reduce healthcare costs. The companies said the private investment in public equity (PIPE) of $115 million will bring its enterprise value to $1.1 billion. Vicarious Surgical was founded in 2014 by experienced roboticist Adam Sachs, now CEO; Sam Khalifa, chief technology officer; and Dr. Barry Greene, a board-certified bariatric and general surgeon with more than 25 years of experience performing advanced laparoscopic surgical procedures. The company's technology combines proprietary…
Found in Robotics News & Content, with a score of 17.51
October 01, 2021
…with D8 Holdings Corp., a special-purpose acqusition company or SPAC. Vicarious also began trading on the New York Stock Exchange under the ticker “RBOT” and rang the bell at NYSE on Wall Street. “It was a dream come true,” said Adam Sachs, co-founder and CEO of Vicarious Surgical. “NYSE does a good job of setting that up—there was a huge 60-by-90-ft. banner outside. We're excited because of what this enables. This is an important milestone, and it represents our ability to take the next steps in surgical robotics.” Founded in 2014, Vicarious Surgical takes a novel approach in combining human-like…
Found in Robotics News & Content, with a score of 16.96
June 22, 2021
…applications. Transaction details Hong Kong-based special purpose acquisition company (SPAC) CITIC Capital Acquisition Corp. (CCAC) said Quanergy meets its investment criteria, which focus on new mobility, energy efficiency, and other sustainability themes. “Since its inception in 2012, Quanergy has developed revolutionary lidar technology and perception software that we believe are positioned for significant growth,” said Fanglu Wang, CEO of CCAC. “We are excited to collaborate with Quanergy because the company has game-changing technology for the automotive sector and is the only major lidar provider to harness the potential of OPA technology.” The pro forma implied equity value of the combined…
Found in Robotics News & Content, with a score of 16.76
April 26, 2022
…the systems paired in Nauticus Fleet. Source: Nauticus Robotics Post-SPAC deployment In December 2021, Nauticus and CleanTech Acquisition Corp. (CLAQ), a special-purpose acquisition corporation (SPAC), entered into a definitive business-combination agreement that would result in Nauticus becoming a public company. CleanTech formed in January 2021 with the intention of merging with one or more businesses. CleanTech Sponsor I LLC and CleanTech Investments LLC, an affiliate of Chardan, are the founders and co-sponsors of CLAQ. Nauticus plans to deliver the first pairs of Nauticus Fleet in the fourth quarter of 2022, with the remainder of orders to be fulfilled by the…
Found in Robotics News & Content, with a score of 16.15
October 12, 2021
…recently agreed to a merger with special-purpose acquisition company (SPAC) Rotor Acquisition Corp. and began trading on the New York Stock Exchange. Sarcos Guardian DX is the defense variant of its XT The Guardian DX robot is the defense-specific variant of the Guardian XT. The highly dexterous mobile robot is itself is a variant of the award-winning Sarcos Guardian XO full-body, battery-powered industrial exoskeleton. The Guardian DX robot is a teleoperated, dual-armed robot designed to perform tasks with human-like dexterity while keeping the operator at a safe distance in challenging and hazardous conditions, including at height. Its modular design enables…
Found in Robotics News & Content, with a score of 15.94
December 17, 2021
…60%. CleanTech Acquisition Corp. is a special-purpose acquisition company (SPAC) formed in January 2021 that trades on NASDAQ as “CLAQ.” CleanTech Sponsor I LLC and CleanTech Investments LLC, an affiliate of Chardan, are the founders and co-sponsors of CLAQ. Upon closing of the transaction, CLAQ will be renamed Nauticus Robotics Inc., and the combined company is expected to remain listed on NASDAQ under the new ticker symbol “KITT.” “CLAQ was created to find a great business that has a positive impact on the world’s carbon footprint,” noted Eli Spiro, CEO of CLAQ. “We set a high bar for ourselves and…
Found in Robotics News & Content, with a score of 15.46
July 08, 2021
…In February, Berkshire Grey entered into a definitive agreement with Revolution Acceleration Acquisition Corp. (RAAC), a special-purpose acquisition company (SPAC). The merger is expected to result in Berkshire Grey becoming a publicly listed company early in the third quarter of this year, subject to the satisfaction of customary closing conditions, including approval by the stockholders of RAAC.
Found in Robotics News & Content, with a score of 15.02
April 06, 2021
Sarcos Corp., which makes robots and assistive devices including powered exosuits, today said it will become a publicly listed company through a merger with Rotor Acquisition Corp. Salt Lake City-based Sarcos has been working to commercialize its Guardian XO full-body, industrial exoskeleton by the middle of next year. “Sarcos is building advanced mobile industrial robotic solutions that will advance the future of the workforce,” stated Ben Wolff, chairman and CEO of Sarcos. “We have a strong foundation and a clear road map to launch our next-generation highly dexterous mobile industrial robotic systems that are intended to increase productivity, save lives,…
