FORT Robotics to take safety stack public via SPAC merger

Watch CEO of Cuban-Backed Fort Robotics on $500M SPAC Deal

Fort Robotics, a Philadelphia-based robotics startup backed by Mark Cuban, is planning to go public through a SPAC deal valued at $500 million, with an expected Nasdaq listing under the ticker FROB. Samuel Reeves, CEO of Fort Robotics, explained that the decision to pursue a SPAC rather than a traditional IPO was driven by the need for speed and efficiency to scale the company's technology, operations, go-to-market strategy, and international expansion. He speaks with Scarlet Fu & Isabelle Lee on "The Close."

FORT Robotics to take safety stack public via SPAC merger

FORT Robotics said it is building the trust layer for physical AI. Source: FORT Robotics As robots become more autonomous and enter more spaces with people, the need for a trustworthy safety technology stack has grown. FORT Robotics Inc. today said it is merging with Newbury Street II Acquisition Corp., a special-purpose acquisition company, or SPAC. “FORT’s mission is to ‘ensure robots cause no harm,’ and we are dedicated to pioneering and buil…