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Symbotic | SC 13D/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Janet L. Cohen(62.6%),The RBC Millennium Trust(60.5%), etc.

SEC announcement ·  Feb 23 21:25
Summary by Moomoo AI
On February 21, 2024, Symbotic Inc., a Delaware corporation, filed an amendment to Schedule 13D with the U.S. Securities and Exchange Commission (SEC), indicating a significant change in share ownership. The filing was made by Janet L. Cohen, in her capacity as co-trustee of The RBC Millennium Trust and The Jill Cohen Mill Trust. The amendment reports shared voting and dispositive power over 165,965,810 shares of Symbotic Inc.'s Class A Common Stock, representing a 62.6% ownership stake. This ownership percentage is based on the assumption of converting all Class V-3 and Class V-1 common stock into Class A common stock following a public offering of 10,000,000 shares of Class A common stock, which includes 5,000,000 newly issued shares. The offering, detailed in the company...Show More
On February 21, 2024, Symbotic Inc., a Delaware corporation, filed an amendment to Schedule 13D with the U.S. Securities and Exchange Commission (SEC), indicating a significant change in share ownership. The filing was made by Janet L. Cohen, in her capacity as co-trustee of The RBC Millennium Trust and The Jill Cohen Mill Trust. The amendment reports shared voting and dispositive power over 165,965,810 shares of Symbotic Inc.'s Class A Common Stock, representing a 62.6% ownership stake. This ownership percentage is based on the assumption of converting all Class V-3 and Class V-1 common stock into Class A common stock following a public offering of 10,000,000 shares of Class A common stock, which includes 5,000,000 newly issued shares. The offering, detailed in the company's final prospectus supplement dated February 21, 2024, is expected to close on February 26, 2024. The filing also outlines the redemption of OpCo Units and the related Underwriting Agreement with Goldman Sachs & Co. LLC, which will see The RBC Millennium Trust sell 2,085,296 shares of Class A Common Stock for approximately $82.8 million before expenses. The agreement includes customary terms and a lock-up period restricting the sale of additional shares for 90 days post-offering.

This announcement is a separate document:

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