8-K
filed June 13, 2022, 7:59 PM ET
ticker SYM
CIK 0001837240
M&A
confidence high
sentiment neutral
materiality 0.70
Symbotic completes SPAC merger, begins trading on Nasdaq under SYM
Symbotic Inc.
- 27.5M shares redeemed for ~$274.8M; trust account balance ~$45.4M post-closing.
- PIPE of $205M (20.5M shares at $10.00) and forward purchase of 15M shares consummated.
- Richard B. Cohen entities own ~39.7% of total common stock; Walmart holds ~11.1%.
- 50.7M Class A shares, 60.8M Class V-1, and 416.9M Class V-3 shares outstanding.
- Company ceased being a shell company; Class A common lists on Nasdaq as SYM.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Todd Krasnow was appointed as director at Symbotic Inc..
- Action
- appointed
Exact text from the filing
Effective as of the Closing, Richard B. Cohen, Michael J. Loparco, Rollin Ford, Charles Kane, Todd Krasnow, Vikas J. Parekh, Michael Rhodin and Merline Saintil were appointed as directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Navneet Govil departed as director at Symbotic Inc..
- Action
- ceased serving
Exact text from the filing
Ioannis Pipilis, Navneet Govil, Michael Carpenter, Michael Tobin and Cristiana Falcone ceased serving on the Company’s board of directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael J. Loparco was appointed as director at Symbotic Inc..
- Action
- appointed
Exact text from the filing
Effective as of the Closing, Richard B. Cohen, Michael J. Loparco, Rollin Ford, Charles Kane, Todd Krasnow, Vikas J. Parekh, Michael Rhodin and Merline Saintil were appointed as directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ioannis Pipilis departed as director at Symbotic Inc..
- Action
- ceased serving
Exact text from the filing
Ioannis Pipilis, Navneet Govil, Michael Carpenter, Michael Tobin and Cristiana Falcone ceased serving on the Company’s board of directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Charles Kane was appointed as director at Symbotic Inc..
- Action
- appointed
Exact text from the filing
Effective as of the Closing, Richard B. Cohen, Michael J. Loparco, Rollin Ford, Charles Kane, Todd Krasnow, Vikas J. Parekh, Michael Rhodin and Merline Saintil were appointed as directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Rhodin was appointed as director at Symbotic Inc..
- Action
- appointed
Exact text from the filing
Effective as of the Closing, Richard B. Cohen, Michael J. Loparco, Rollin Ford, Charles Kane, Todd Krasnow, Vikas J. Parekh, Michael Rhodin and Merline Saintil were appointed as directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ioannis Pipilis resigned as Chairman and Chief Executive Officer at Symbotic Inc..
- Action
- resigned
- Role
- Chairman and Chief Executive Officer
Exact text from the filing
Effective as of the Closing, each of Messrs. Pipilis and Govil resigned as the Chairman and Chief Executive Officer and Chief Financial Officer, respectively.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Merline Saintil was appointed as director at Symbotic Inc..
- Action
- appointed
Exact text from the filing
Effective as of the Closing, Richard B. Cohen, Michael J. Loparco, Rollin Ford, Charles Kane, Todd Krasnow, Vikas J. Parekh, Michael Rhodin and Merline Saintil were appointed as directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Vikas J. Parekh was appointed as director at Symbotic Inc..
- Action
- appointed
Exact text from the filing
Effective as of the Closing, Richard B. Cohen, Michael J. Loparco, Rollin Ford, Charles Kane, Todd Krasnow, Vikas J. Parekh, Michael Rhodin and Merline Saintil were appointed as directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Rollin Ford was appointed as director at Symbotic Inc..
- Action
- appointed
Exact text from the filing
Effective as of the Closing, Richard B. Cohen, Michael J. Loparco, Rollin Ford, Charles Kane, Todd Krasnow, Vikas J. Parekh, Michael Rhodin and Merline Saintil were appointed as directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Cristiana Falcone departed as director at Symbotic Inc..
- Action
- ceased serving
Exact text from the filing
Ioannis Pipilis, Navneet Govil, Michael Carpenter, Michael Tobin and Cristiana Falcone ceased serving on the Company’s board of directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Richard B. Cohen was appointed as President and Chief Product Officer at Symbotic Inc..
- Action
- appointed
- Role
- President and Chief Product Officer
Exact text from the filing
the Board appointed Mr. Cohen to serve as President and Chief Product Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Tobin departed as director at Symbotic Inc..
- Action
- ceased serving
Exact text from the filing
Ioannis Pipilis, Navneet Govil, Michael Carpenter, Michael Tobin and Cristiana Falcone ceased serving on the Company’s board of directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Navneet Govil resigned as Chief Financial Officer at Symbotic Inc..
- Action
- resigned
- Role
- Chief Financial Officer
Exact text from the filing
Effective as of the Closing, each of Messrs. Pipilis and Govil resigned as the Chairman and Chief Executive Officer and Chief Financial Officer, respectively.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Richard B. Cohen was appointed as director at Symbotic Inc..
- Action
- appointed
Exact text from the filing
Effective as of the Closing, Richard B. Cohen, Michael J. Loparco, Rollin Ford, Charles Kane, Todd Krasnow, Vikas J. Parekh, Michael Rhodin and Merline Saintil were appointed as directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Carpenter departed as director at Symbotic Inc..
- Action
- ceased serving
Exact text from the filing
Ioannis Pipilis, Navneet Govil, Michael Carpenter, Michael Tobin and Cristiana Falcone ceased serving on the Company’s board of directors.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.