Mentioned:
One of the first closed-end investment funds on the Nasdaq for robotics has big ambitions. Which is exactly why they are preparing to potentially raise billions of dollars.
What’s happening:
- RoboStrategy (NASDAQ: BOT) has entered into a $2B USD equity facility deal with Roth Principal Investments
By the numbers:
- RoboStrategy is able to sell shares at their discretion to Roth Principal Investments for up to a total of $2B USD over the next 3 years
Why it matters:
- RoboStrategy just recently debuted on the Nasdaq and is one of the first ever closed-end investment funds listed on a major stock exchange in the United States to be fully focused on robotics and embodied artificial intelligence companies
Going deeper:
- Figure AI and Dyna represent roughly 50% of the total net asset value of RoboStrategy
- RoboStrategy also owns equity positions in Apptronik, Dexmate, Path Robotics and other private humanoid robotics startups
The fine print:
- RoboStrategy has not publicly stated when they plan to begin using their equity facility with Roth Principal Investments and the equity facility will allow Roth Principal Investors to purchase shares at a 2.0% discount to the volume weighted average price that was mutually agreed to in their purchase agreement with RoboStrategy
