Search Results: spac

Vicarious Surgical Enters SPAC Merger for $115M

Found in News and Content

…a special-purpose acquisition company, or SPAC. Waltham, Mass.-based Vicarious said its goal is to create technology to increase the efficiency of surgical procedures, improve patient outcomes, and reduce healthcare costs. The companies said the private investment in public equity (PIPE) of $115 million will bring its enterprise value to $1.1 billion. Vicarious Surgical was founded in 2014 by experienced roboticist…

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Sarcos Robotics to Merge With SPAC Rotor Acquisition as It Commercializes Exoskeleton

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Sarcos Corp., which makes robots and assistive devices including powered exosuits, today said it will become a publicly listed company through a merger with Rotor Acquisition Corp. Salt Lake City-based Sarcos has been working to commercialize its Guardian XO full-body, industrial exoskeleton by the middle of next year. “Sarcos is building advanced mobile industrial robotic solutions that will advance the…

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Top 10 Robotics and Automation Transactions in Q1 2021

Found in News and Content

…mergers with special-purpose acquisition companies (SPACs), a recent trand in venture capital. Additive manufacturing contributed to this total. After that was supply chain and logistics, with more than $1.7 billion in reported transactions. This is not surprising, given the surge in e-commerce during the pandemic and ongoing interest in robots for materials handling and delivery. Healthcare companies, mostly providers of…

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VELO3D to Merge With SPAC as Metal Additive Manufacturing Firm Goes Public

Found in News and Content

…impossible geometries.” Special-purpose acquisition company (SPAC) JAWS Spitfire said it is a “blank-check company incorporated as a Cayman Islands-exempted company.” Its backers include tennis player Serena Williams, who was appointed to its board in December 2020. After the merger, subject to shareholder and regulatory approval and other customary closing conditions, the combined enterprise will have a value of about $1.6…

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Robotics Company Berkshire Grey to Merge With Revolution Acceleration Acquisition Corp.

Found in News and Content

Berkshire Grey (BG), a developer of integrated artificial intelligence (AI) and robotic solutions for e-commerce, retail replenishment, and logistics, has entered into a definitive agreement with Revolution Acceleration Acquisition Corp. (RAAC), a special purpose acquisition company, to create a leading publicly listed robotics and automation solutions company. Founded in 2013 by the current CEO Tom Wagner, Ph.D., the former chief…

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