SVF Investment Corp 3

Symbotic LLC, a warehouse robotics firm, announced a merger with SPAC SVF Investment Corp. 3, valuing Symbotic at approximately $5.5 billion. The deal is expected to raise $725 million in gross proceeds, including $200 million from SoftBank Vision Fund 2.

Walmart-backed robotics company Symbotic is finalising a $4.5 billion merger with SVF Investment Corp 3, a SPAC created by SoftBank. The deal is expected to be announced within days.