secwatch.observer — SEC 8-K summary
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Issuer:     Symbotic Inc. (SYM)
CIK:        0001837240
Form:       8-K
Filed at:   2022-06-13T23:59:59+00:00
Accession:  0001193125-22-172211
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.01, 5.06, 9.01, 3.02, 4.01, 3.03, 5.01, 5.02, 5.03, 5.05, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Symbotic completes SPAC merger, begins trading on Nasdaq under SYM
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837240/000119312522172211/0001193125-22-172211-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837240/000119312522172211/d369444d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-172211

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