--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-22-172211" form_type: "8-K" ticker: "SYM" cik: "0001837240" company_name: "Symbotic Inc." filed_at: "2022-06-13T23:59:59+00:00" generated_at: "2026-06-25T02:29:20.086074+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 0.7 calibrated_materiality_score: 0.7 confidence: "high" source: SEC EDGAR --- # Symbotic completes SPAC merger, begins trading on Nasdaq under SYM ## Summary - 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. ## SEC filing metadata - accession: 0001193125-22-172211 - form_type: 8-K - ticker: SYM - cik: 0001837240 - company_name: Symbotic Inc. - filed_at: 2022-06-13T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 0.7 - calibrated_materiality_score: 0.7 - confidence: high - sec_items: 1.01, 2.01, 5.06, 9.01, 3.02, 4.01, 3.03, 5.01, 5.02, 5.03, 5.05, 8.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1837240/000119312522172211/0001193125-22-172211-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1837240/000119312522172211/d369444d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-22-172211 - JSON: https://secwatch.observer/filing/0001193125-22-172211.json - Plain text: https://secwatch.observer/filing/0001193125-22-172211.txt ## Key facts - Executive change Todd Krasnow was appointed as director at Symbotic Inc.. - Action: appointed source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000119312522172211/0001193125-22-172211-index.htm - Executive change Navneet Govil departed as director at Symbotic Inc.. - Action: ceased serving source text: Ioannis Pipilis, Navneet Govil, Michael Carpenter, Michael Tobin and Cristiana Falcone ceased serving on the Company’s board of directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000119312522172211/0001193125-22-172211-index.htm - Executive change Michael J. Loparco was appointed as director at Symbotic Inc.. - Action: appointed source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000119312522172211/0001193125-22-172211-index.htm - Executive change Ioannis Pipilis departed as director at Symbotic Inc.. - Action: ceased serving source text: Ioannis Pipilis, Navneet Govil, Michael Carpenter, Michael Tobin and Cristiana Falcone ceased serving on the Company’s board of directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000119312522172211/0001193125-22-172211-index.htm - Executive change Charles Kane was appointed as director at Symbotic Inc.. - Action: appointed source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000119312522172211/0001193125-22-172211-index.htm - Executive change Michael Rhodin was appointed as director at Symbotic Inc.. - Action: appointed source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000119312522172211/0001193125-22-172211-index.htm - Executive change Ioannis Pipilis resigned as Chairman and Chief Executive Officer at Symbotic Inc.. - Action: resigned - Role: Chairman and Chief Executive Officer source text: Effective as of the Closing, each of Messrs. Pipilis and Govil resigned as the Chairman and Chief Executive Officer and Chief Financial Officer, respectively. evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000119312522172211/0001193125-22-172211-index.htm - Executive change Merline Saintil was appointed as director at Symbotic Inc.. - Action: appointed source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000119312522172211/0001193125-22-172211-index.htm - Executive change Vikas J. Parekh was appointed as director at Symbotic Inc.. - Action: appointed source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000119312522172211/0001193125-22-172211-index.htm - Executive change Rollin Ford was appointed as director at Symbotic Inc.. - Action: appointed source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000119312522172211/0001193125-22-172211-index.htm - Executive change Cristiana Falcone departed as director at Symbotic Inc.. - Action: ceased serving source text: Ioannis Pipilis, Navneet Govil, Michael Carpenter, Michael Tobin and Cristiana Falcone ceased serving on the Company’s board of directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000119312522172211/0001193125-22-172211-index.htm - Executive change Richard B. Cohen was appointed as President and Chief Product Officer at Symbotic Inc.. - Action: appointed - Role: President and Chief Product Officer source text: the Board appointed Mr. Cohen to serve as President and Chief Product Officer evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000119312522172211/0001193125-22-172211-index.htm - Executive change Michael Tobin departed as director at Symbotic Inc.. - Action: ceased serving source text: Ioannis Pipilis, Navneet Govil, Michael Carpenter, Michael Tobin and Cristiana Falcone ceased serving on the Company’s board of directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000119312522172211/0001193125-22-172211-index.htm - Executive change Navneet Govil resigned as Chief Financial Officer at Symbotic Inc.. - Action: resigned - Role: Chief Financial Officer source text: Effective as of the Closing, each of Messrs. Pipilis and Govil resigned as the Chairman and Chief Executive Officer and Chief Financial Officer, respectively. evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000119312522172211/0001193125-22-172211-index.htm - Executive change Richard B. Cohen was appointed as director at Symbotic Inc.. - Action: appointed source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000119312522172211/0001193125-22-172211-index.htm - Executive change Michael Carpenter departed as director at Symbotic Inc.. - Action: ceased serving source text: Ioannis Pipilis, Navneet Govil, Michael Carpenter, Michael Tobin and Cristiana Falcone ceased serving on the Company’s board of directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000119312522172211/0001193125-22-172211-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.