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Vicarious Surgical To Go Public In Business Combination Deal With D8 Holdings

Vicarious Surgical To Go Public In Business Combination Deal With D8 Holdings WASHINGTON (dpa-AFX) - Vicarious Surgical Inc., a next-generation robotics technology company, announced Thursday that it has entered into a definitive business combination agreement with D8 Holdings Corp. (DEH), a special purpose acquisition company. Following the deal closure, the combined company will operate as Vicarious Surgical Inc. and will be listed on the New York Stock Exchange under the new ticker symbol RBOT . The transaction values the combined company at an enterprise value of approximately $1.1 billion. The transaction is expected to deliver up to $460 million of gross proceeds, including up to $345 million of cash held in D8 s trust account. The transaction is further supported by a $115 million private placement of common stock or PIPE, priced at $10.00 per share, including investment by medical technology company Becton, Dickinson and Company (BDX). The new institutional investors and

Vicarious Surgical Inc and D8 Holdings Corp Announce Definitive Business Combination Agreement

Vicarious Surgical Inc and D8 Holdings Corp Announce Definitive Business Combination Agreement
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