Found in News & Content, with a score of 26.42
…Corp. 3 is a special-purpose acquisition company (SPAC) sponsored by an affiliate of SoftBank Investment Advisors (SBIA), which has invested more than $175 billion in leading technology companies. They include AutoStore, Berkshire Gray, JD Logistics, and Uber. The business combination was approved at a special meeting of SVFC shareholders held on June 3. As a result of the transaction, the combined company received additional growth capital to supplement its existing $363 million of combined cash on the balance sheet as…
Found in News & Content, with a score of 12.95
…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…
Found in News & Content, with a score of 18.06
…another language altogether. Yet ETFs, CAGR, and SPACs are just as important as AI, AMRs, or ASRS. What do investors look for in robotics startups, and how can users identify promising or maturing technologies? Rahul Sen Sharma, managing partner at Indxx, has been following robotics, automation, and artificial intelligence with those questions in mind. Fonded in 2005, Indxx provides client and custom indexes tracking emerging technologies. The company, which has offices in New York, New Delhi, and Miami, watches market…
Found in News & Content, with a score of 12.06
…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 News & Content, with a score of 21.05
…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…
Found in News & Content, with a score of 33.06
…a publicly traded special-purpose acquisition company, or SPAC, last week announced it is entering a business agreement with ICONIQ Holding Ltd., a maker of autonomous electric vehicle technologies that does business as NWTN. NWTN said it is a green mobility technology company focused on what it called SPVs for “smart passenger vehicles.” Alan Wu is the founder and chairman of the company. ICONIQ said in its announcement of the agreement that it was based in Dubai, but the company's LinkedIn…
Found in News & Content, with a score of 39.64
…robotics startups and special-purpose acquisition companies, or SPACs, were all the rage. Occasionally, however, some deals don't work out. Integrity Implants Inc., which does business as Accelus, last week said that it and CHP Merger Corp. have mutually agreed to terminate a business combination agreement “as a result of market conditions.” “In light of market conditions, we believe that this strategic pivot will best enable our team to execute on our mission to transform the spine surgery space by accelerating…
Found in News & Content, with a score of 17.47
…Tsirigakis, co-CEOs from Cepton's special-purpose acquisition company (SPAC) partner Growth Capital Acquisition Corp., also participated. They were joined by Cepton team members and representatives from strategic partners, investors, and advisors. Cepton said it is focused on mass-market commercialization of high-performance lidar products. It has a center of excellence in Troy, Mich., to provide local support to OEMs and Tier 1 automotive suppliers in the Detroit area. The company also has a presence in Germany, Canada, Japan, India, and China to…
Found in News & Content, with a score of 36.38
…Diego 1,081 IPO 4/7//2021 Aurora Pittsburgh 1,000 SPAC 7/15/2021 Plus Cupertino, Calif. 920 SPAC, IPO 6/23/2021 WeRide Guangzhou, China 620 Series B, C 6/23/2021 Embark San Francisco 614 SPAC 6/23/2021 Nuro Mountain View, Calif. 600 Series D 11/2/2021 Public rides now available GM and Cruise employees have been testing the autonomous vehicles, which have individual names like Sourdough, Tostada, Poppy, and Disco. While people were excited to be riding in self-driving cars, they quickly became bored—as they should, Vogt noted.…
Found in News & Content, with a score of 13.77
…Acceleration Acquisition Corp., a special-purpose acquisition company (SPAC). It also opened new headquarters and an innovation center in Bedford, Mass. The company said its latest orders reinforce its ongoing commercial momentum. Berkshire Grey listed the following accomplishments from 2021: Increased orders by $84 million, bringing total orders since inception to $200 million Doubled the number of customers year-over-year, including initial orders with new Fortune 100 and global retail brands Ended the year with $105 million of backlog New robots to…
Found in News & Content, with a score of 37.05
…Corp. (GCAC) is a special-purpose acquistion company (SPAC) led by Akis Tsirigakis and George Syllantavos, co-CEOs. The New York-based firm will hold the special meeting at 10:00 a.m. Eastern Time on Feb. 9, 2022. Founded in 2016, Cepton said its leadership includes industry veterans with decades of collective experience across a wide range of advanced lidar and imaging technologies. The San Jose, Calif.-based company said it is focused on the mass-market commercialization of high-performance, high-quality lidar systems. Cepton has a…
Found in News & Content, with a score of 20.02
…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…
