Industrial robotics companies are on blazing-hot growth trajectories and need rapid access to liquidity to help them meet ambitious growth goals. As such, they are ideal targets for a special purpose acquisition company, or SPAC, a decades-old but suddenly hot financial strategy in which a company is formed to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company.
The new-age industry and the rejuvenated financial model converged on Wednesday...
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