secwatch.observer — SEC 8-K summary
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Issuer:     Symbotic Inc. (SYM)
CIK:        0001837240
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0001193125-24-046216
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Symbotic completes 10M-share offering, nets ~$197M for general corporate purposes
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- Offering of 10,000,000 shares closed: 5,000,000 from company and 5,000,000 from selling securityholders.
- Net proceeds to Symbotic of approximately $197 million after underwriting discounts and expenses.
- Company plans to use net proceeds for general corporate purposes; no proceeds from selling shareholders' shares.
- Underwriters granted 30-day option to purchase up to an additional 1,500,000 shares.
- Offering made under shelf registration statement; prospectus supplement dated Feb 21, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837240/000119312524046216/0001193125-24-046216-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837240/000119312524046216/d787816d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-046216

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