Noncontrolling Interests

9 Months Ended

Jun. 25, 2022

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 90.4% of the consolidated net loss during the period June 7, 2022 through June 25, 2022 were allocated to noncontrolling interests (“NCI”).

The following table summarizes the ownership of Symbotic Inc. stock, excluding earnouts, for the period beginning June 7, 2022, the closing of the Business Combination, and ending June 25, 2022.


	Common Shares, Class A	Common Voting Shares, Class V-1 and V-3	Total	Common Shares, Class A		Common Voting Shares, Class V-1 and V-3		Total
Beginning of period	—	—	—
Issuance	50,664,146	477,777,598	528,441,744	9.6	%	90.4	%	100	%
End of period	50,664,146	477,777,598	528,441,744	9.6	%	90.4	%	100	%