$DEH ($10) will trade as $RBOT
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Vicarious Surgical Inc. and D8 Holdings Corp. Announce Definitive Business Combination Agreement
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Vicarious Surgical Inc. and D8 Holdings Corp. Announce Definitive Business Combination Agreement
- Vicarious Surgical is a next generation robotics company developing a disruptive technology with the goal of increasing the efficiency of surgical procedures, improving patient outcomes and reducing healthcare costs
- The transaction values the combined company at an enterprise value of approximately $1.1 billion and is expected to provide more than $425 million in cash on the balance sheet after closing including a fully committed $115 million PIPE, priced at $10.00 per share
- PIPE participants include strategic investor BD (Becton, Dickinson and Company) (NYSE: BDX) - one of the largest global medical technology companies in the world - new institutional investors and existing investors including Bill Gates, Vinod Khosla’s Khosla Ventures, Eric Schmidt's Innovation Endeavors, and Philip Liang’s E15 VC.