Warehouse Robot Maker Symbotic Gets Juiced

by | Jun 8, 2022

SYM joins the high redemption/thin float club. Merger approval for DYNS/ Senti Bio. And the rest of the day’s news in SPACs.

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Symbotic Debuts Today

AI-enabled robotics specialist and Walmart-backed Symbotic (SYM) deSPACs today from SVF Investment Corp. 3, sponsored by an affiliate of Japan’s SoftBank. An arb trade favorite, the high redemption /thin float combination had shares popping 120% today to close at $20.07.

DYNS / Senti Bio Approved

Dynamics Special Purpose Corp. (DYNS) approves merger with gene therapy specialist Senti Bio. 14,549,537 shares redeemed (~63%).

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