May 17, 2021
Bright Machines (Company), an industry leader in intelligent, software-defined manufacturing, and SCVX (NYSE: SCVX), a special purpose acquisition company, have announced that they have entered into a definitive merger agreement that will result in Bright Machines becoming a publicly listed company. Upon completion of the transaction, which is expected to occur in the second half of 2021, the combined company will operate as Bright Machines, and will be traded under the new ticker symbol “BRTM.”
Latham & Watkins LLP represents Bright Machines in the transaction with a corporate deal team led by Bay Area partner Tad Freese and Houston partner Ryan Maierson, with associates Tessa Bernhardt, Sally Wong, Natalie Robertson, and Julian Brody, and with assistance from Bay Area partner Benjamin Potter. Advice was also provided on tax matters by Bay Area partner Grace Lee, with associate Jacob Meninga; on intellectual property and data privacy matters by Bay Area partner Michelle Gross, with associate Caroline Omotayo; and on benefits and compensation matters by Bay Area partner Ashley Wagner.