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The deal with SVF Investment Corp 3 is supported by a private investment in public equity of $205 million from a group of investors, including Walmart (NYSE:WMT).
Gross proceeds from the deal, which values Symbiotic at a pro-forma enterprise value of $4.8 billion, are expected to be around $725 million.
The combined entity will operate under the name Symbotic Inc and will trade under the symbol “SYM” on the Nasdaq after the merger, which is expected to close in the first half of next year.
