Fort Robotics To Go Public Via Business Combination With Newbury Street II Acquisition Corp To Advance The Safety Of Physical AI
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NTWO• Business combination terms
- Fort Robotics will go public via a business combination with Newbury Street II Acquisition Corp to advance the safety of physical AI.
- The deal values the combined company at a pro-forma enterprise value of $556.60 million.
- The transaction is expected to deliver about $201 million in gross proceeds.
- The combined company will be named Fort Robotics Holdings and listed on Nasdaq as FROB.
- The business combination is expected to inject about $182 million in net cash.
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Fort Robotics To Go Public Via Business Combination With Newbury Street II Acquisition Corp To Advance The Safety Of Physical AI - NTWO News | Rallies
