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

Reuters

Feb 24, 2021

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;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2113369912"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2113369912\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2113369912?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-02-24 19:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2113369912","market":"us","top_or_hot":-1,"title":"BRIEF-Berkshire Grey Announces Business Combination With Revolution Acceleration Acquisition Corp","media":"Reuters","content":"<html><body><p>Feb 24 (Reuters) - <a href=\"https://laohu8.com/S/RAAC\">Revolution Acceleration Acquisition Corp</a></p><p> :</p><p>   * BERKSHIRE GREY, A LEADER IN AI-ENABLED ROBOTICS AND AUTOMATION SOLUTIONS, ANNOUNCES BUSINESS COMBINATION WITH REVOLUTION ACCELERATION ACQUISITION CORP</p><p>   * REVOLUTION ACCELERATION ACQUISITION CORP - COMBINED COMPANY TO HAVE AN ESTIMATED POST-TRANSACTION EQUITY VALUE OF UP TO $2.7 BILLION</p><p>   * REVOLUTION ACCELERATION ACQUISITION CORP - TRANSACTION EXPECTED TO PROVIDE UP TO $413 MILLION IN CASH PROCEEDS</p><p>   * REVOLUTION ACCELERATION ACQUISITION - BERKSHIRE GREY SHAREHOLDERS KHOSLA VENTURES, NEW ENTERPRISE, CANAAN PARTNERS, SOFTBANK ROLLING 100% OF EQUITY</p><p>   * REVOLUTION ACCELERATION ACQUISITION CORP - BERKSHIRE GREY EXPECTS TO HAVE $507 MILLION CASH</p><p>   * REVOLUTION ACCELERATION ACQUISITION CORP - BERKSHIRE GREY EXPECTS TO HAVE NO DEBT ON ITS BALANCE SHEET FOLLOWING COMBINATION</p><p>   * REVOLUTION ACCELERATION ACQUISITION - DEAL INCLUDES FULLY COMMITTED PIPE OF $165 MILLION ANCHORED BY CHAMATH PALIHAPITIYA &amp; 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>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BRIEF-Berkshire Grey Announces Business Combination With Revolution Acceleration Acquisition Corp</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBRIEF-Berkshire Grey Announces Business Combination With Revolution Acceleration Acquisition Corp\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-24 19:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>Feb 24 (Reuters) - <a href=\"https://laohu8.com/S/RAAC\">Revolution Acceleration Acquisition Corp</a></p><p> :</p><p>   * BERKSHIRE GREY, A LEADER IN AI-ENABLED ROBOTICS AND AUTOMATION SOLUTIONS, ANNOUNCES BUSINESS COMBINATION WITH REVOLUTION ACCELERATION ACQUISITION CORP</p><p>   * REVOLUTION ACCELERATION ACQUISITION CORP - COMBINED COMPANY TO HAVE AN ESTIMATED POST-TRANSACTION EQUITY VALUE OF UP TO $2.7 BILLION</p><p>   * REVOLUTION ACCELERATION ACQUISITION CORP - TRANSACTION EXPECTED TO PROVIDE UP TO $413 MILLION IN CASH PROCEEDS</p><p>   * REVOLUTION ACCELERATION ACQUISITION - BERKSHIRE GREY SHAREHOLDERS KHOSLA VENTURES, NEW ENTERPRISE, CANAAN PARTNERS, SOFTBANK ROLLING 100% OF EQUITY</p><p>   * REVOLUTION ACCELERATION ACQUISITION CORP - BERKSHIRE GREY EXPECTS TO HAVE $507 MILLION CASH</p><p>   * REVOLUTION ACCELERATION ACQUISITION CORP - BERKSHIRE GREY EXPECTS TO HAVE NO DEBT ON ITS BALANCE SHEET FOLLOWING COMBINATION</p><p>   * REVOLUTION ACCELERATION ACQUISITION - DEAL INCLUDES FULLY COMMITTED PIPE OF $165 MILLION ANCHORED BY CHAMATH PALIHAPITIYA &amp; 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"}}}