# Bright Machines to go public via $1.1B merger with SCVX

Bright Machines, a software-defined manufacturing automation company, has entered into a definitive merger agreement with SPAC SCVX. The transaction values Bright Machines at a pro forma enterprise value of $1.1 billion and is expected to provide up to $435 million in gross cash proceeds, including a $205 million PIPE.

- Type: Acquisition
- Announced: 2021-05-17
- Where: United States
- Value: $1.10B
- Status: announced
- Products: software-defined manufacturing automation, adaptive hardware, production lines
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Bright Machines](https://endata.com/companies/51975.md)
- [SoftBank Group](https://endata.com/companies/15862.md) (investor)
- [Bright Machines](https://endata.com/companies/51975.md) (target)
- [SCVX](https://endata.com/companies/55145.md) (acquirer)
- [Fidelity Management and Research](https://endata.com/companies/55193.md) (investor)
- [Alyeska Investment Group](https://endata.com/companies/55194.md) (investor)
- [Hudson Bay Master Fund](https://endata.com/companies/55195.md) (investor)
- [XN](https://endata.com/companies/55196.md) (investor)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1794717/000121390021026645/ea140963ex99-1_scvxcorp.htm), 2021-05-17: "Bright Machines offers an innovative approach to manufacturing automation by combining proprietary software with adaptive hardware to automate repetitive tasks."
- [businesswire.com](https://www.businesswire.com/news/home/20210517005272/en/Bright-Machines-a-Leader-in-Intelligent-Software-Defined-Manufacturing-to-Become-a-Public-Company-via-Merger-with-SCVX), 2021-05-17: "Bright Machines, an industry leader in intelligent, software-defined manufacturing, and SCVX announced today that they have entered into a definitive merger agreement that will result in Bright Machines becoming a publicly listed company."
- [globalventuring.com](https://globalventuring.com/blog/2021/05/18/bright-machines-highlights-reverse-merger/), 2021-05-18: "Bright Machines, a US-based robotics software startup incubated by supply chain services provider Flex, agreed to a reverse merger with special purpose acquisition company SCVX yesterday."

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