Found in Robotics News & Content, with a score of 10.31
May 23, 2022
…recently announced a planned merger with special-purpose acquisition company (SPAC) SVF Investment Corp. 3, a SoftBank unit, and plans to be publicly listed on Nasdaq. It filed an S-4 registration statement, a final proxy statement, and an SVF prospectus with the U.S. Securities and Exchange Commission (SEC) on May 9. Walmart to accelerate materials handling with robots Each week, approximately 220 million customers and members visit approximately 10,500 Walmart stores and clubs under 48 banners in 24 countries and e-commerce websites, said the retailer. With fiscal year 2021 revenue of $559 billion, Walmart employs 2.2 million associates worldwide. Symbotic said…
Found in Robotics News & Content, with a score of 10.21
June 18, 2021
…powered by natural gas. Last month, the company announced that it will enter a merger with special-purpose acquisition company (SPAC) Hennessy Capital Investment Corp. V. Plus plans to trade on the New York Stock Exchange, and it expects to be valued at about $3.3 billion upon closure of the transaction, expected in the third quarter of 2021.
Found in Robotics News & Content, with a score of 9.81
July 18, 2021
…February 2021, Markforged announced that it entered into a definitive agreement to merge with “one,” a special-purpose acquisition company (SPAC) founded and led by technology industry veteran Kevin Hartz. The $361 million transaction is expected to close in the summer of 2021, subject to regulatory and stockholder approvals, and other customary closing conditions. The combined company will be named “Markforged Holding Co.” and be listed on the New York Stock Exhcange (NYSE) under the ticker symbol “MKFG.”
Found in Robotics News & Content, with a score of 9.60
April 28, 2022
…acted as legal counsel, and PJT Partners acted as financial advisor to Sarcos, which merged with special-purpose acquisition company (SPAC) Rotor Acquisition Corp. last year. Blank Rome LLP and Cherin Law Offices P.C. acted as legal counsel, and Stifel, Nicolaus & Co. acted as financial advisor to RE2.
Found in Robotics News & Content, with a score of 9.09
December 10, 2021
…Northern Genesis Acquisition Corp. II, a special-purpose acquisition company (SPAC), raise $614 million, and be publicly listed on the Nasdaq Stock Market. Reasons for Houston expansion Embark said the Houston area offers three strategic advantages as a trucking hub as it scales up its business. Location: Houston is “uniquely positioned for commercially viable long-haul autonomous freight,” said Embark. The city is at the center of trucking lanes of more than 600 mi. (965.6 km) in length. These are ideal for automation because they cannot be completed in a single day by a human driver due to hours-of-service limitations, it said.…
Found in Robotics News & Content, with a score of 9.08
July 12, 2022
…company. Markforged announced a $2.1 billion special-purpose acquisition company (SPAC) merger in February 2021 and began trading on the New York Stock Exchange a year ago. In April, the company acquired Teton Simulation Software. It has more than 400 employees worldwide, including three sites in Massachusetts. Markforged plans to soon move its headquarters to a bigger building in Waltham, Mass. Markforged builds technology for quality, sustainability “We've become more of a platform ecosystem model, with our own machines, cloud software, and continuous impregnated fiber,” said Charles Lu, product marketing manager at Markforged. “Our Blacksmith software simultaneously scans, calibrates, and inspects…
Found in Robotics News & Content, with a score of 8.85
October 08, 2021
…the military to scan the environment. AEye completed a SPAC merger and began trading on Nasdaq last month. iDAR can enable faster, more accurate, and more reliable perception, claimed AEye. iDAR includes deterministic artificial intelligence to deliver industry-leading performance in range, resolution, and speed, said the company. 4Sight M trained for robust perception Built on AEye’s iDAR platform, 4Sight M is an intelligent, adaptive, high-performance, and solid-state lidar that tailors its output to application-specific requirements, said the companies. Seoul Robotics has trained SENSR’s AI engine on the 4Sight M, whose data quality is maintained in daylight and at nighttime. Coupled…
Found in Robotics News & Content, with a score of 8.83
June 28, 2021
…(AVs), including Plus merging with a special-purpose acquisition company (SPAC) for a $3.3 billion valuation, Cruise's $2 billion investment from Microsoft and $750 million from Walmart and others, and Waymo's $2.5 billion funding. Other notable deals included TuSimple's $1.1 billion IPO, Woven Planet's acquisition of Lyft's Level 5 division for $550 million, Momenta's $500 million fundraising, and DiDi Autonomous Driving's $300 million round. Xpeng said it plans to plans to use the net proceeds from its global offering to expand its product portfolio and develop more advanced technologies. It also intends to accelerate its business expansion by enhancing brand recognition,…
Found in Robotics News & Content, with a score of 8.70
June 30, 2021
…Matterport announced plans to merge with special-purpose acqusition company (SPAC) Gores Holdings VI for $640 million, leading to a valuation of $2.3 billion. RJ Pittman, CEO of Matterport, replied to the following questions: We've seen open-source libraries of objects for training robots in simulation—why hasn't there been a spatial one until now? Pittman: Historically, the vast majority of open-source libraries of environments have been synthetic environments. Matterport models represent the most realistic representation of real-world environments, including all of the entropy that comes with the real world. To gauge interest in the community, Matterport previously released a dataset for academic,…
Found in Robotics News & Content, with a score of 8.69
October 28, 2022
…partner for us.” Cepton announced a special-purpose acquisition company (SPAC) deal in January, and it began trading on the Nasdaq Capital Market in February. Under the terms of the investment agreement, which has been unanimously approved by Cepton’s board of directors, Koito will purchase $100 million of convertible preferred stock, with a purchase price of $1,000 per share. The preferred stock will be convertible, beginning on the first anniversary of the issue date, into shares of Cepton’s common stock at an approximate initial conversion price of $2.585 per share. This will represent a 10% premium to Cepton’s volume-weighted average price…
Found in Robotics News & Content, with a score of 8.07
February 20, 2023
…merger with CleanTech Acquisition Corp., a special-purpose acquisition company (SPAC). Shell and the U.S. Defense Innovation Unit recently awarded Nauticus contracts. “We have a significant partnership with Wood PLC, the world's largest engineering contractor,” Radford told Robotics 24/7. “We're looking at how to amplify each other's strengths. Developing algorithms and fleets of autonomous machines for the oceanscape is really challenging and exciting.” “We believe very strongly that we need to reduce reliance on vessels for offshore tasks—you don't need a jackhammer for a nail,” he said. “As communication latencies increase and bandwidth decreases, we need more self-directed, self-sufficient behaviors at…
Found in Robotics News & Content, with a score of 7.81
July 25, 2023
…through a merger with a SoftBank-affiliated special-purpose acquisition company (SPAC). GreenBox’s board of managers will consist of three managers—one nominee from Symbotic and SoftBank each, and one independent manager. GreenBox’s management team will be independent from Symbotic and SoftBank. Goldman Sachs & Co. served as exclusive financial advisor, and Sullivan & Cromwell LLP as legal advisor to Symbotic. An investor presentation with additional detail is available in the Investor Relations section of the company’s website. Tokyo-based SoftBank Group includes SoftBank Group Corp., an investment holding company that includes stakes in AI, smart robotics, the Internet of Things (IoT), telecommunications, Internet…
