---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-354540"
form_type: "8-K"
ticker: "SYM"
cik: "0001837240"
company_name: "Symbotic Inc."
filed_at: "2021-12-13T23:59:59+00:00"
generated_at: "2026-06-28T01:50:28.355556+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SVF Investment Corp. 3 merges with warehouse robotics firm Symbotic in SPAC deal

## Summary
- Definitive Agreement: SVFC to combine with Warehouse Technologies (Symbotic), a warehouse automation company; SVFC must hold ≥$350M cash at close.
- Earnout structure: up to 20M additional shares issuable in three tranches if stock price hits $12, $14, $16 within 7 years of closing.
- Sponsor shares lock-up: 60% vest at close; 20% at $12 milestone, 20% at $14 milestone; forfeited if not met in 7 years.
- Conditions include approval by SVFC stockholders, at least $50M in private placements, and no material adverse change.
- Closing expected within 180 days (extendable by 60 days if SEC filing pending); termination fee of $2M payable to SVF in certain scenarios.

## SEC filing metadata
- accession: 0001193125-21-354540
- form_type: 8-K
- ticker: SYM
- cik: 0001837240
- company_name: Symbotic Inc.
- filed_at: 2021-12-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1837240/000119312521354540/0001193125-21-354540-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1837240/000119312521354540/d254195d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-354540
- JSON: https://secwatch.observer/filing/0001193125-21-354540.json
- Plain text: https://secwatch.observer/filing/0001193125-21-354540.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.