BRIEF-Berkshire Grey Announces Business Combination With Revolution Acceleration Acquisition Corp

Reuters

2021/02/24

Feb 24 (Reuters) - Revolution Acceleration Acquisition Corp

:

* BERKSHIRE GREY, A LEADER IN AI-ENABLED ROBOTICS AND AUTOMATION SOLUTIONS, ANNOUNCES BUSINESS COMBINATION WITH REVOLUTION ACCELERATION ACQUISITION CORP

* REVOLUTION ACCELERATION ACQUISITION CORP - COMBINED COMPANY TO HAVE AN ESTIMATED POST-TRANSACTION EQUITY VALUE OF UP TO $2.7 BILLION

* REVOLUTION ACCELERATION ACQUISITION CORP - TRANSACTION EXPECTED TO PROVIDE UP TO $413 MILLION IN CASH PROCEEDS

* REVOLUTION ACCELERATION ACQUISITION - BERKSHIRE GREY SHAREHOLDERS KHOSLA VENTURES, NEW ENTERPRISE, CANAAN PARTNERS, SOFTBANK ROLLING 100% OF EQUITY

* REVOLUTION ACCELERATION ACQUISITION CORP - BERKSHIRE GREY EXPECTS TO HAVE $507 MILLION CASH

* REVOLUTION ACCELERATION ACQUISITION CORP - BERKSHIRE GREY EXPECTS TO HAVE NO DEBT ON ITS BALANCE SHEET FOLLOWING COMBINATION

* REVOLUTION ACCELERATION ACQUISITION - DEAL INCLUDES FULLY COMMITTED PIPE OF $165 MILLION ANCHORED BY CHAMATH PALIHAPITIYA & FUNDS MANAGED BY BLACKROCK

* REVOLUTION ACCELERATION ACQUISITION CORP - JOHN DELANEY, CEO OF RAAC, WILL REMAIN ON BOARD OF DIRECTORS OF COMBINED COMPANY

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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FUNDS MANAGED BY BLACKROCK</p><p>   * REVOLUTION ACCELERATION ACQUISITION CORP - JOHN DELANEY, CEO OF RAAC, WILL REMAIN ON BOARD OF DIRECTORS OF COMBINED COMPANY</p><p>Source text for Eikon:    Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BLK","symbol_name":"贝莱德","start_time":0,"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2113369912","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2113369912","pubTimestamp":1614165158,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Feb 24 (Reuters) - Revolution Acceleration Acquisition Corp :   * BERKSHIRE GREY, A LEADER IN AI-ENA","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BLK":"贝莱德"},"translate_title":"Berkshire Grey宣布与Revolution Acceleration Acquisition公司合并","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BLK":0.9,"RAAC":1,"RAACU":1},"content_text":"Feb 24 (Reuters) - Revolution Acceleration Acquisition Corp :   * BERKSHIRE GREY, A LEADER IN AI-ENABLED ROBOTICS AND AUTOMATION SOLUTIONS, ANNOUNCES BUSINESS COMBINATION WITH REVOLUTION ACCELERATION ACQUISITION CORP   * REVOLUTION ACCELERATION ACQUISITION CORP - COMBINED COMPANY TO HAVE AN ESTIMATED POST-TRANSACTION EQUITY VALUE OF UP TO $2.7 BILLION   * REVOLUTION ACCELERATION ACQUISITION CORP - TRANSACTION EXPECTED TO PROVIDE UP TO $413 MILLION IN CASH PROCEEDS   * REVOLUTION ACCELERATION ACQUISITION - BERKSHIRE GREY SHAREHOLDERS KHOSLA VENTURES, NEW ENTERPRISE, CANAAN PARTNERS, SOFTBANK ROLLING 100% OF EQUITY   * REVOLUTION ACCELERATION ACQUISITION CORP - BERKSHIRE GREY EXPECTS TO HAVE $507 MILLION CASH   * REVOLUTION ACCELERATION ACQUISITION CORP - BERKSHIRE GREY EXPECTS TO HAVE NO DEBT ON ITS BALANCE SHEET FOLLOWING COMBINATION   * REVOLUTION ACCELERATION ACQUISITION - DEAL INCLUDES FULLY COMMITTED PIPE OF $165 MILLION ANCHORED BY CHAMATH PALIHAPITIYA & FUNDS MANAGED BY BLACKROCK   * REVOLUTION ACCELERATION ACQUISITION CORP - JOHN DELANEY, CEO OF RAAC, WILL REMAIN ON BOARD OF DIRECTORS OF COMBINED COMPANYSource text for Eikon:    Further company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}