SVF Investment Corp. 3 (SoftBank) Completes Business Combination with Symbotic

June 7, 2022

Symbotic LLC completed a business combination with SVF Investment Corp. 3, a SoftBank-sponsored SPAC, and will operate as Symbotic Inc. with Class A shares trading on Nasdaq under the ticker SYM. The transaction provides significant growth capital to accelerate Symbotic's expansion and commercialization of its A.I.-enabled robotics and software platform, which has more than $11 billion in contracted orders.

Buyers
SVF Investment Corp. 3, SoftBank Investment Advisers
Targets
Symbotic LLC
Location
Massachusetts, United States
Transaction Type
Growth capital

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