secwatch.observer — SEC 8-K summary
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Issuer:     Berkshire Grey, Inc. (—)
CIK:        0001824734
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0001140361-23-035336
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SoftBank completes acquisition of Berkshire Grey for $1.40/share, ~$349M
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- Each share of Class A and Class C common stock converted into $1.40 cash; total consideration ~$349.0M.
- Berkshire Grey becomes wholly owned subsidiary of SoftBank; stock and warrants delisted from Nasdaq.
- Board resigned: Thomas Wagner, Peter Barris, John Delaney, Fiona Dias, Sven Strohband, Serena Wolfe.
- New directors: Alex Clavel and Stephen Lam; officers Thomas Wagner, Steven Johnson, Mark Fidler remain.
- Redeemable warrants (BGRYW) now exercisable for Merger Consideration; Black-Scholes value ~$0.35 per warrant.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1824734/000114036123035336/0001140361-23-035336-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1824734/000114036123035336/brhc20056012_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-035336

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer