Symbotic completes underwriters' overallotment option, raising additional ~$59M

Symbotic Inc.

Underwriters exercised in-full option to purchase 1,500,000 shares of Class A common stock.
Net proceeds to Symbotic from the option exercise were approximately $59 million.
Total net proceeds from the February 2024 offering, including the option, are ~$256 million.
The exercise closed on March 8, 2024; Goldman Sachs & Co. acted as representative underwriter.

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