Noncontrolling Interests

12 Months Ended

Sep. 24, 2022

4. Noncontrolling Interests

Upon completion of the Business Combination, Symbotic Inc. issued an aggregate of 60,844,573 shares of Symbotic

Class V-1

Common Stock and 416,933,025 shares of Symbotic

Class V-3

Common Stock, excluding earnouts, each of which is exchangeable, together with a New Symbotic Holdings Common Unit, into an equal number of Class A Common Stock.

Class V-1

and

Class V-3

Common Stock are

non-economic

voting shares in Symbotic Inc. where

Class V-1

Common Stock have one vote per share and

Class V-3

Common Stock have three votes per share.

Class V-3

Common Stock can convert into

Class V-1

Common Stock in certain situations, including automatically, seven years following the Business Combination.

The financial results of Legacy Warehouse were consolidated into Symbotic Inc. and the share of the consolidated net loss for the period June 7, 2022 through September 24, 2022 were allocated to noncontrolling interests.

The following table summarizes the ownership of Symbotic Inc. stock for the period beginning June 7, 2022, the closing of the Business Combination, and ending September 24, 2022.


	Class A Common Stock		Class V-1 and Class V-3 Common Stock			Total		Class A Common Stock			Class V-1 and Class V-3 Common Stock			Total
Beginning of period		—		—			—
Issuances		56,111,651		497,777,598			553,889,249
Exchanges		1,607,185		(1,607,185	)		—

End of period		57,718,836		496,170,413			553,889,249		10.4	%		89.6	%		100	%