Berkshire Grey Merges with Robotics SPAC to Expand Warehouse Robotics
Berkshire Grey, which develops integrated artificial intelligence and robotics solutions designed for e-commerce, retail replenishment and logistics companies, has entered into a definitive agreement with Revolution Acceleration Acquisition Corp (RAAC), a special purpose acquisition company (SPAC) to create a publicly listed robotics and automation solutions company. The company estimates a post-transaction equity value of up to $2.7 billion.