Symbotic launches $10M share offering with SoftBank’s backing for AI-driven automation growth
Symbotic Inc., a leader in automation technology, has launched an underwritten public offering of 10 million shares of its Class A common stock. The company, listed on Nasdaq as SYM, specialises in AI-powered robotic and software solutions for supply chains. The offering includes shares from both Symbotic and an affiliate of SoftBank Group Corp., which holds a majority stake in the firm’s largest shareholder, GreenBox.
Symbotic will offer 6.5 million shares, while an affiliate of SoftBank Group Corp. will sell the remaining 3.5 million. The shares are being issued under an effective shelf registration statement on Form S-3. All net proceeds from the shares sold by the Selling Securityholder will go directly to them, whereas Symbotic plans to use its share of the proceeds for general corporate purposes.
The offering marks a significant financial move for Symbotic, which continues to expand its AI-driven automation platform. The proceeds will support the company’s corporate operations, while SoftBank’s involvement highlights ongoing investor confidence in its technology. The transaction is structured to allow flexibility with the potential for additional shares to be issued within the next month.
