Noncontrolling Interests

12 Months Ended

Sep. 28, 2024

Upon completion of the Business Combination, the Company 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 years ended September 28, 2024 and September 30, 2023, respectively.


	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
Balance at September 24, 2022	57,718,836	496,170,413	553,889,249
Issuances	3,051,364	—	3,051,364
Exchanges	21,342,681	(21,342,681)	—
Cancellations	—	(367,694)	(367,694)
Balance at September 30, 2023	82,112,881	474,460,038	556,572,919	14.8	%	85.2	%	100	%
Issuances	13,520,629	15,870,411	29,391,040
Exchanges	9,055,867	(9,055,867)	—
Cancellations	—	—	—
Balance at September 28, 2024	104,689,377	481,274,582	585,963,959	17.9	%	82.1	%	100	%