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…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…
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…merge with special-purpose acquisition company (SPAC) Rotor in April. Rotor's stockholders approved the combination on Sept. 15, and the transaction closed on Sept. 24. Wolff spoke with Robotics 24/7 about why robotics startups are choosing SPAC deals, the target markets for Sarcos' products, and which system will find buyers first. Why did Sarcos choose to go with a SPAC rather…
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…Y, a special-purpose acquisition company (SPAC) and will be valued at $1 billion. “This new commercial pilot collaboration demonstrates the excellent progress that PACCAR and Aurora are making in our strategic alliance,” added Rich. FedEx loads autonomously hit the road Starting today, PACCAR’s trucks configured with the Aurora autonomous Driver will haul FedEx loads between Dallas and Houston, a 500-mile…
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…merge with special-purpose acquisition company (SPAC) Northern Genesis Acquisition Corp. II, raising $614 million, and to list on the NASDAQ in the fourth quarter of 2021. Embark expands network Embark said it pioneered the transfer-point model in 2019 when it unveiled its first sites in Los Angeles and Phoenix. Since then, the company has conducted hundreds of hauls through these…
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…through a merger with Rotor Acquisition Corp., a special-purpose acquisition company (SPAC). The transaction is expected to close in the third quarter of 2021, at which point the combined company’s common stock is expected to trade on Nasdaq under the ticker symbol “STRC.”
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Memic Innovative Surgery Ltd. has entered into a definitive agreement for a business combination with MedTech Acquisition Corp., according to an announcement yesterday by investor Peregrine Ventures. Memic has been developing proprietary surgical robots. “Memic brings to the market a robotic technology that enables robotic surgery with an accuracy not known before at an affordable price,” stated Eyal Lifschitz, co-founder…
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…a special-purpose acquisition company or SPAC sponsored by Cantor Fitzgerald & Co. The combined company will retain the AEye name and began trading on Nasdaq under the ticker symbol “LIDR” on Aug. 18. “AEye’s transition to the public markets marks a key milestone in our corporate journey, enabling us to accelerate adoption of our high-performance, intelligent lidar system and accelerate…
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…merger with special-purpose acquisition company (SPAC) Rotor Acquisition Corp. Robots can aid asset management Robotic technology is often overlooked as a critical digital transformation tool for the asset management process. Automating asset performance management, including inspections of facilities and equipment, can yield significant improvements, according to a November 2019 Technology Spotlight by IDC. These include 20% improvements in asset uptime,…
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…in April that it plans to merge with special-purpose acquisition company (SPAC) Rotor Acquisition Corp.
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…publicly-traded special purpose acquisition company (SPAC), as it commercializes its assistive systems. The transaction is expected to close in the third quarter of 2021, and the combined company’s common stock is expected to trade on Nasdaq under the ticker symbol “STRC.” T-Mobile 5G to enable remote viewing and teleoperation The Guardian XT robotic system is an upper-body variant of the…
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…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…
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…rate.” IoT applications for lidar; SPAC merger In addition to advancing OPA technology for automotive applications, Quanergy is offering its lidar for commercial IoT applications. The company recently partnered with shareholder Sensata Technologies on manufacturing. In addition, it cited the following recent IoT deployments: Supplying long-range, 3D lidar to PARIFEX for highway speed detection and enforcement in France Enabling vehicle-to-everything…
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…VI, a special-purpose acquisition company (SPAC). The Sunnyvale, Calif.-based company said that it has received nearly $640 million in gross proceeds and that it will be listed as “MTTR” on Nasdaq starting tomorrow. “Becoming a publicly traded company is a strategic transaction for Matterport that strengthens our position as the market-leading spatial data company for the built world, and propels…
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…“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…
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…Y. The special-purpose acquisition company (SPAC) is led by Pincus, Michael Thompson, and Reid Hoffman. Investors and Aurora partners have committed $1 billion in a private investment in public equity (PIPE), and the proposed transaction represents an equity value of $11 billion for Aurora. Investors in the PIPE include Baillie Gifford, funds and accounts managed by Counterpoint Global (Morgan Stanley),…
Ultrasonic sensing enhances robotics perception
Cybernetix Ventures’ event kicks off Robotics Tech Week 2026 slate of events
Preview the manufacturing and warehouse components that will be on the…
Preview the manufacturing and warehouse robots and software that will be on…
