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Berkshire Grey, Inc

Completed deSPAC · 1 SPAC · 1 closed · 0 announced

Revolution Acceleration Acquisition Corp (RAAC), a blank-check company sponsored by Revolution LLC, announced a definitive agreement to merge with Berkshire Grey, Inc. in February 2021. Berkshire Grey develops AI-powered robotic automation systems for retail, e-commerce, and supply chain logistics, placing the transaction squarely within the artificial intelligence and machine learning sector. RAAC completed its initial public offering in 2020 and subsequently closed its business combination with Berkshire Grey, which began trading as a public company on Nasdaq under the ticker BGRY. Sign up at SpacDesk for full filing history, deal timelines, and analytics on RAAC and the broader SPAC universe.

Announced
2021-02-24
Closed
2021-07-27
PIPE Raised
$100–250M
Industry
AI / Machine Learning

SPAC Counterparty (1)

SymbolIssuerStatusAnnouncedCloseIPO SizePIPESponsor
RAACRevolution Acceleration Acquisition CorpClosed2021-02-242021-07-27$287.5M$165.0MRAAC Management LLC