# Symbotic to go public via $5.5B SPAC merger with SoftBank

Symbotic LLC, an AI-based supply chain robotics company, agreed to merge with SoftBank's SVF Investment Corp. to go public on the Nasdaq with a pro forma equity value of approximately $5.5 billion.

- Type: Acquisition
- Announced: 2019-09-03
- Where: United States
- Value: $5.50B
- Status: announced
- Products: autonomous mobile robots, AI-based supply chain platform
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Symbotic](https://endata.com/companies/15130.md)
- [SoftBank Group](https://endata.com/companies/15862.md) (investor)

## Sources

- [wwd.com](https://wwd.com/sourcing-journal/industry-news/softbank-walmart-symbotic-spac-robotics-closed-loop-partners-circular-economy-1238787840/), 2019-09-03: "The proceeds of the merger will enable Symbotic to accelerate its growth plans."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.