Walmart Inc-backed (WMT) robotics and automation company Symbotic is in talks to merge with a blank-check vehicle SVF Investment Corp. 3 (SVFC) backed by SoftBank Group Corp in a deal that would value the combined firm at $4.5 billion.
Update(s):
December 13, 2021: Symbotic LLC , a revolutionary A.I.-enabled technology platform for the supply chain, and SVF Investment Corp. 3 (SVFC), a special purpose acquisition company sponsored by an affiliate of SoftBank Investment Advisers, announced a definitive merger agreement expected to make Symbotic a public company listed on Nasdaq.
Upon completion of the merger, which is expected in the first half of 2022, the combined company will operate under the “Symbotic Inc.” name and will trade on Nasdaq under the ticker symbol “SYM.”