Overview
- In the deal, 6.5 million shares are being sold by Symbotic and 3.5 million by SVF Sponsor III, a SoftBank affiliate.
- Underwriters received a 30‑day option to purchase up to 1.5 million additional shares at the offering price.
- Symbotic plans to use its net proceeds for general corporate purposes, while the selling stockholder keeps proceeds from its portion.
- The shares are being issued under an effective Form S‑3, with Goldman Sachs and Citigroup leading the books and TD Securities as an additional book‑runner.
- The stock dropped sharply around the announcement, with Benzinga reporting an 11.8% after‑hours decline followed by a roughly 15.9% slide the next day.