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BEDFORD, Mass., June 07, 2021 (GLOBE NEWSWIRE) — Berkshire Grey, Inc. (“Berkshire Gray”), the chief in AI-enabled robotic options that automate provide chain processes for eCommerce, retail replenishment, and logistics, has been invited to current at the united statesGlobal Industrials and Transportation Convention, which will probably be held nearly on Tuesday, June 8, 2021.
Berkshire Gray administration is scheduled to current at 3:00 p.m., Jap Time, with one-on-one conferences held all through the convention. The Firm’s presentation will probably be webcast dwell and obtainable here.
To obtain extra info, request an invite or to schedule a one-on-one assembly, please contact your UBS consultant, or Berkshire Gray’s investor relations staff at BG@gatewayir.com.
About Berkshire Gray
Berkshire Gray helps clients transform the important means they do enterprise by delivering game-changing know-how that mixes AI and robotics to automate achievement, provide chain, and logistics operations. Berkshire Gray options are a elementary engine of change that rework decide, pack, transfer, retailer, manage, and type operations to ship aggressive benefit for enterprises serving right this moment’s related shoppers. Berkshire Gray clients embrace International 100 retailers and logistics service suppliers.
As beforehand introduced, on February 24, 2021, Berkshire Gray entered right into a definitive agreement with Revolution Acceleration Acquisition Corp (Nasdaq: RAAC) that’s anticipated to end in Berkshire Gray turning into a publicly listed firm through the second quarter or early within the third quarter of 2021, topic to the satisfaction of customary closing circumstances, together with approval by the stockholders of Revolution Acceleration Acquisition Corp.
Berkshire Gray and the Berkshire Gray brand are registered logos of Berkshire Gray. Different logos referenced are the property of their respective homeowners.
To study extra about Berkshire Gray, go to www.berkshiregrey.com.
About Revolution Acceleration Acquisition Corp
Revolution Acceleration Acquisition Corp (“RAAC”) focuses on worth creation alternatives on the forefront of speedy technological innovation and financial progress. We imagine that alternate options to the standard IPO course of create a key avenue for transformative, category-defining firms to rapidly and effectively entry public markets, enabling them to scale their enterprise and create worth for a broad and numerous group of traders. For extra details about RAAC, please go to: www.revolutionaac.com.
Cautionary Assertion Relating to Ahead-Trying Statements
This communication accommodates sure forward-looking statements throughout the that means of the federal securities legal guidelines with respect to the proposed transactions between Berkshire Gray and RAAC. Ahead-looking statements could also be recognized by means of the phrases similar to “estimate,” “plan,” “undertaking,” “forecast,” “intend,” “count on,” “anticipate,” “imagine,” “search,” “technique,” “future,” “alternative,” “might,” “goal,” “ought to,” “will,” “would,” “will probably be,” “will proceed,” “will seemingly outcome,” or comparable expressions that predict or point out future occasions or developments or that aren’t statements of historic issues. These forward-looking statements embrace, however aren’t restricted to, statements concerning the proposed transaction between Berkshire Gray and RAAC, together with statements as to the anticipated timing, completion and results of the proposed transaction. These statements are primarily based on varied assumptions, whether or not or not recognized on this communication, and on the present expectations of RAAC’s and Berkshire Gray’s administration and aren’t predictions of precise efficiency, and, because of this, are topic to dangers and uncertainties. These forward-looking statements are supplied for illustrative functions solely and aren’t supposed to function, and should not be relied on by any investor as, a assure, an assurance, a prediction or a definitive assertion of truth or chance. Precise occasions and circumstances are tough or inconceivable to foretell and can differ from assumptions. Many precise occasions and circumstances are past the management of RAAC and Berkshire Gray. These forward-looking statements are topic to various dangers and uncertainties, together with, however not restricted to, (i) the danger that the proposed transaction will not be accomplished in a well timed method or in any respect, which can adversely have an effect on the worth of RAAC’s securities, (ii) the danger that the proposed transaction will not be accomplished by RAAC’s enterprise mixture deadline and the potential failure to acquire an extension of the enterprise mixture deadline if sought by RAAC, (iii) the failure to fulfill the circumstances to the consummation of the proposed transaction, together with the adoption of the merger settlement by the stockholders of RAAC, the satisfaction of the minimal belief account quantity following redemptions by RAAC’s public stockholders and the receipt of sure governmental and regulatory approvals, (iv) the lack to finish the PIPE funding in reference to the proposed transaction, (v) the shortage of a 3rd get together valuation in figuring out whether or not or to not pursue the proposed transactions, (vi) the incidence of any occasion, change or different circumstance that might give rise to the termination of the merger settlement, (vii) the quantity of redemption requests made by RAAC’s public stockholders, (viii) the impact of the announcement or pendency of the proposed transaction on Berkshire Gray ’s enterprise relationships, working outcomes and enterprise typically, (ix) dangers that the proposed transaction disrupts present plans and operations of Berkshire Gray and potential difficulties in Berkshire Gray buyer and worker retention on account of the proposed transaction, (x) dangers referring to the uncertainty of the projected monetary info with respect to Berkshire Gray, (xi) dangers referring to growing bills of Berkshire Gray sooner or later and Berkshire Gray’s capacity to generate revenues from a restricted variety of clients, (xii) dangers associated to Berkshire Gray producing the vast majority of its revenues from a restricted variety of merchandise and clients, (xiii) the passing of recent legal guidelines and laws governing the robotics and synthetic intelligence industries that probably prohibit Berkshire Gray’s enterprise or enhance its prices, (xiv) potential litigation referring to the proposed transaction that could possibly be instituted towards Berkshire Gray, RAAC or their respective administrators and officers, together with the consequences of any outcomes associated thereto, (xv) the power to keep up the itemizing of RAAC’s securities on The Nasdaq Inventory Market LLC, both earlier than or after the consummation of the enterprise mixture, (xvi) the worth of RAAC’s securities could also be unstable as a result of quite a lot of elements, together with modifications within the aggressive and extremely regulated industries wherein RAAC plans to function, variations in working efficiency throughout opponents, modifications in legal guidelines and laws affecting RAAC’s enterprise and modifications within the mixed capital construction, (xvii) the power to implement enterprise plans, forecasts, and different expectations after the completion of the proposed transaction, and establish and understand extra alternatives, (xviii) surprising prices, prices or bills ensuing from the proposed transaction, (xix) dangers of downturns and a altering regulatory panorama and (xx) the consequences of pure disasters, terrorist assaults and the unfold and/or abatement of infectious ailments, similar to COVID-19, on the proposed transactions or on the power to implement enterprise plans, forecasts, and different expectations after the completion of the proposed transactions. The foregoing listing of things shouldn’t be exhaustive. It is best to fastidiously contemplate the foregoing elements and the opposite dangers and uncertainties described within the “Threat Components” part of Modification No. 1 to RAAC’s Annual Report on Type 10-Okay/A for the fiscal yr ended December 31, 2020 (the “RAAC Type 10-Okay/A”), the registration assertion on Type S-4 mentioned under and different paperwork filed by RAAC now and again with the U.S. Securities and Change Fee (the “SEC”). These filings establish and deal with different vital dangers and uncertainties that might trigger precise occasions and outcomes to vary materially from these contained within the forward-looking statements. If any of those dangers materialize or our assumptions show incorrect, precise occasions and outcomes may differ materially from these contained within the forward-looking statements. There could also be extra dangers that neither RAAC nor Berkshire Gray presently know or that RAAC and Berkshire Gray at present imagine are immaterial that might additionally trigger precise occasions and outcomes to vary from these contained within the forward-looking statements. As well as, forward-looking statements replicate RAAC’s and Berkshire Gray’s expectations, plans or forecasts of future occasions and views as of the date of this communication. RAAC and Berkshire Gray anticipate that subsequent occasions and developments will trigger RAAC’s and Berkshire Gray’s assessments to vary. Whereas RAAC and Berkshire Gray might elect to replace these forward-looking statements sooner or later sooner or later, RAAC and Berkshire Gray particularly disclaim any obligation to take action, except required by relevant regulation. These forward-looking statements shouldn’t be relied upon as representing RAAC’s and Berkshire Gray’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance shouldn’t be positioned upon the forward-looking statements. Neither RAAC nor Berkshire Gray offers any assurance that both RAAC or Berkshire Gray, or the mixed firm, will obtain the outcomes or different issues set forth within the forward-looking statements.
Further Data and The place to Discover It
RAAC filed a registration assertion on Type S-4 with the SEC (File No. 333-254539), which features a preliminary proxy assertion to be distributed to holders of RAAC’s frequent inventory in reference to RAAC’s solicitation of proxies for the vote by RAAC’s stockholders with respect to its proposed enterprise mixture with Berkshire Gray (the “Enterprise Mixture”). After the registration assertion is asserted efficient, RAAC will mail a definitive proxy assertion / prospectus to its stockholders as of the document date established for voting on the Enterprise Mixture and the opposite proposals concerning the Enterprise Mixture set forth within the registration assertion. RAAC can also file different paperwork with the SEC concerning the proposed transaction. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND SECURITY HOLDERS ARE URGED TO CAREFULLY READ THE ENTIRE REGISTRATION STATEMENT AND PROXY STATEMENT / PROSPECTUS, AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AND THE DEFINITIVE VERSIONS THEREOF (WHEN THEY BECOME AVAILABLE), AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. The paperwork filed by RAAC with the SEC, together with the preliminary proxy assertion / prospectus, could also be obtained freed from cost on the SEC’s web site at www.sec.gov. As well as, the paperwork filed by RAAC could also be obtained freed from cost upon written request to RAAC at 1717 Rhode Island Ave NW, Suite 1000, Washington, DC 20036, Attn: Investor Relations.
Individuals within the Solicitation
RAAC and Berkshire Gray and their respective administrators and govt officers could also be deemed to be contributors within the solicitation of proxies from stockholders of RAAC in reference to the proposed transaction beneath the principles of the SEC. RAAC’s stockholders and different individuals might receive, with out cost, extra detailed info concerning the names, affiliations and pursuits of administrators and govt officers of RAAC within the RAAC Type 10-Okay/A in addition to its different filings with the SEC. Different info concerning individuals who might, beneath the principles of the SEC, be deemed the contributors within the proxy solicitation of RAAC’s stockholders in reference to the proposed Enterprise Mixture and an outline of their direct and oblique pursuits, by safety holdings or in any other case, is included within the preliminary proxy assertion / prospectus and will probably be contained in different related supplies to be filed with the SEC concerning the proposed Enterprise Mixture (if and after they change into obtainable). Chances are you’ll receive free copies of those paperwork on the SEC’s web site at www.sec.gov. Copies of paperwork filed with the SEC by RAAC will even be obtainable freed from cost from RAAC utilizing the contact info above.
No Supply or Solicitation
This communication shouldn’t be a proxy assertion or solicitation or a proxy, consent or authorization with respect to any securities or in respect of the proposed Enterprise Mixture and shall not represent a suggestion to promote or a solicitation of a suggestion to purchase the securities of RAAC, Berkshire Gray or the mixed firm, nor shall there be any sale of securities in any jurisdiction wherein such provide, solicitation or sale could be illegal previous to registration or qualification beneath the securities legal guidelines of any such jurisdiction. No provide of securities shall be deemed to be made besides by the use of a prospectus assembly the necessities of Part 10 of the Securities Act, and in any other case in accordance with relevant regulation.
Contacts
Berkshire Gray Press Contact:
Lilian Ma
Director of Company Communications
lilian.ma@berkshiregrey.com
Berkshire Gray Investor Relations Contact:
Cody Slach, Matt Glover
Gateway Group
BG@gatewayir.com
