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Berkshire Grey Closes Merger with SPAC Revolution Acceleration Acquisition
Thursday 22 July 2021

US-based pure-play robotics company Berkshire Grey, Inc and US-based special purpose acquisition company Revolution Acceleration Acquisition Corp (NASDAQ: RAAC) have closed their business combination, the companies said.

Berkshire Grey's class A common stock and public warrants are expected to commence trading on The NASDAQ Stock Market LLC under the ticker symbols "BGRY" and "BGRYW," respectively, on July 22, 2021.

Berkshire Grey's founder and chief executive officer, Tom Wagner, and the Berkshire Grey management team will continue to lead the combined company.

Former US Representative and presidential candidate and former chief executive officer and co-founder of RAAC, John Delaney, has joined the combined company's board of directors. In addition, Fiona P. Dias and Serena Wolfe will join the combined company's board of directors.

Credit Suisse Securities LLC served as exclusive financial advisor and capital markets advisor to Berkshire Grey and acted as sole private placement agent to RAAC. JP Morgan Securities LLC served as exclusive financial advisor to RAAC.

Skadden, Arps, Slate, Meagher and Flom LLP served as legal advisor to RAAC. Goodwin Procter LLP served as legal advisor to Berkshire Grey.

Paul, Weiss, Rifkind, Wharton and Garrison LLP served as legal advisor to Credit Suisse Securities LLC.

Berkshire Grey helps customers change the essential way they do business by delivering technology that combines AI and robotics to automate fulfillment, supply chain and logistics operations.

Berkshire Grey customers include Global 100 retailers and logistics service providers.
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Date Published: 22/07/2021

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