# Symbotic to go public via merger with Softbank SPAC

Walmart-backed robotics firm Symbotic is set to go public following a special purpose acquisition from Softbank Investment Advisers. The merger is expected to be completed within the first half of 2022 and trade on Nasdaq.

- Type: Acquisition
- Announced: 2021-12-15
- Where: Wilmington, Massachusetts, United States
- Status: announced
- Products: warehouse robotics systems
- 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) (target)
- [SoftBank Investment Advisers](https://endata.com/companies/59691.md) (acquirer)

## Sources

- [aibusiness.com](https://aibusiness.com/verticals/walmart-backed-symbotic-set-to-go-public-following-softbank-merger), 2021-12-15: "Now is the time to take Symbotic to the next level."

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