Key Takeaways
- • Fort Robotics Inc. announced a merger with SPAC Newbury Street II Acquisition Corp., valuing the combined entity at a pro forma enterprise value of $556.6 million, to facilitate the robotics company's public market entry.
- • The transaction is being advised by Fenwick & West LLP for Fort Robotics and Ellenoff Grossman & Schole LLP for the SPAC, indicating institutional legal backing for the deal structure.
- • The merger represents a capital raise mechanism for Fort Robotics, enabling the AI-driven robotics firm to access public equity markets and potential liquidity for existing shareholders and new growth capital.
Summary
Fort Robotics Inc., an artificial intelligence-focused robotics company, announced plans to go public through a merger with special purpose acquisition company Newbury Street II Acquisition Corp. The transaction, disclosed on August 18, 2026, values the pro forma combined business at $556.6 million in enterprise value, according to the announcement filed with legal documentation provider Law360.
The deal structure leverages the SPAC merger framework, a capital markets mechanism that has become increasingly common for technology and advanced manufacturing companies seeking public listing without undergoing traditional initial public offerings. Fort Robotics is being represented by Fenwick & West LLP, a prominent Silicon Valley-based law firm with substantial experience in venture-backed technology transactions. The SPAC, Newbury Street II Acquisition Corp., is being advised by Ellenoff Grossman & Schole LLP, underscoring the institutional credibility of both parties to the transaction.
The $556.6 million enterprise valuation positions Fort Robotics within the mid-market technology sector, reflecting investor appetite for robotics and AI-enabled automation solutions. The merger will provide Fort Robotics with immediate access to public equity markets and capital for growth initiatives, while affording SPAC shareholders exposure to the artificial intelligence and robotics industries during a period of significant technological advancement and corporate investment in automation technologies.
The deal structure leverages the SPAC merger framework, a capital markets mechanism that has become increasingly common for technology and advanced manufacturing companies seeking public listing without undergoing traditional initial public offerings. Fort Robotics is being represented by Fenwick & West LLP, a prominent Silicon Valley-based law firm with substantial experience in venture-backed technology transactions. The SPAC, Newbury Street II Acquisition Corp., is being advised by Ellenoff Grossman & Schole LLP, underscoring the institutional credibility of both parties to the transaction.
The $556.6 million enterprise valuation positions Fort Robotics within the mid-market technology sector, reflecting investor appetite for robotics and AI-enabled automation solutions. The merger will provide Fort Robotics with immediate access to public equity markets and capital for growth initiatives, while affording SPAC shareholders exposure to the artificial intelligence and robotics industries during a period of significant technological advancement and corporate investment in automation technologies.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.