Walmart Inc

NYSE:WMT  
140.23
-0.99 (-0.70%)
4:57:08 PM EDT: $140.16 -0.07 (-0.05%)
Equity Financing / Related, Initial Public Offerings

AI Technology Platform Symbotic To Become A Public Company In Partnership With SoftBank

Published: 12/13/2021 11:36 GMT
Walmart Inc (WMT) - Symbotic, a Revolutionary Ai-enabled Technology Platform for the Supply Chain, to Become a Public Company in Partnership With Softbank.
Svf Investment Corp 3 - Combination With Svf Investment Corp.
3 Values Symbotic at an Approximate Pro Forma Equity Value of $5.5 Billion.
Svf Investment Corp 3 - Transaction Expected to Raise $725 Million in Gross Proceeds.
Svf Investment Corp 3 - Combined Company Will Operate Under "symbotic Inc." Name and Will Trade on Nasdaq Under Ticker Symbol "sym.
".
Svf Investment Corp 3 - Transaction Values Symbotic at a Pro Forma Enterprise Value of $4.8 Billion.
Svf Investment Corp 3 - Pipe Includes Participation From Walmart.
Svf Investment Corp 3 - Symbotic Also Expects to Receive an Additional $174 Million in Cash From Walmart by End of December.
Svf Investment Corp 3 - Symbotic Equity Holders to Own 88% of Combined Co With Rick Cohen Retaining 76%, Walmart 9%, Other Holders Retaining 3%.
Svf Investment Corp 3 - New Investors Will Own 12% of Combined Co.