Symbotic stock falls after primary and secondary offering announcement

Published 03/12/2025, 22:26
© Reuters.

Investing.com -- Symbotic Inc. (NASDAQ:SYM) stock fell 11% in after-hours trading on Wednesday following the company’s announcement of a public offering of its Class A common stock.

The AI-enabled robotics technology company revealed plans to offer 10 million shares, with 6.5 million shares coming directly from the company and 3.5 million shares from SVF Sponsor III (DE) LLC, an affiliate of SoftBank Group Corp. Additionally, Symbotic intends to grant underwriters a 30-day option to purchase up to 1.5 million additional shares.

According to the announcement, Symbotic plans to use the net proceeds from its portion of the offering for general corporate purposes. The selling securityholder, SVF Sponsor III, will receive all net proceeds from the sale of its shares.

The offering represents a significant dilution of existing shares, which appears to be driving the negative market reaction.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.