other_material
confidence high
sentiment neutral
materiality 0.50
Symbotic completes underwritten offering of 11.5M shares, net proceeds ~$425M
Symbotic Inc.
- Completed offering of 11,500,000 Class A shares (8,000,000 from company, 3,500,000 from selling securityholders).
- Net proceeds to company approximately $425 million, after underwriting discounts and offering expenses.
- Proceeds will be used for general corporate purposes; company did not receive proceeds from selling securityholders.
- Underwriters' option to purchase additional 1,500,000 shares was exercised in full.
- Underwriting agreement with Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. as representatives.
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