The information in this press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Vicarious Surgicals and D8s management and are not predictions of actual performance. Mike Piccinino, CFA To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. So to just back up a little bit to beta 1, the feedback on the robot itself and the patient cart were phenomenal. [Operator Instructions] Our first question comes from Josh Jennings of Cowen. And are these hospitals testing out other use cases yet besides hernia repair? Have you made the simulator available to a broader set of hospitals? Vicarious Surgical and D8 will host an investor conference call to discuss the proposed transaction at 8:00 AM EDT on April 15, 2021.
Vicarious Surgical To Go Public In Business Combination Deal - Nasdaq You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. And if the trial design still hasn't been finalized, just wondering if we could get any timing on when that may be in place? The Company was founded in 2014 by experienced roboticists Adam Sachs, Co-Founder & Chief Executive Officer, Sam Khalifa, Co-Founder & Chief Technology Officer, and Co-Founder & Chief Medical Officer, Dr. Barry Greene, who is a board certified Bariatric and General Surgeon with over 25 years of experience performing advanced laparoscopic surgical procedures. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability.
Vicarious Surgical Inc. and D8 Holdings Corp. Announce Definitive Private companies may be related parties. Thanks Brica and thank you you all for participating in today's call. Assuming no redemptions, the company is projected to have more than $425 million in cash on the balance sheet after closing. Both events provide important opportunities each year, for the health care community to coalesce and examine the direction of robotic surgery for years to come. D8 plans to leverage our founders unique operational expertise to create a new growth trajectory for a target company and deliver shareholder value. Vicarious Surgical isn't enormous, but it's not particularly small either. Conversely, insiders often decrease their ownership over time. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. But the feedback on, frankly, the surgeon console left, should we call it, opportunity for improvement. I would now like to turn the conference over to Kaitlyn Brosco, Director of Investor Relations of Vicarious Surgical for some introductory remarks. And we're going to be looking, of course, to greatly expand that over the next few months as we fully integrate the final beta 2 design.
Vicarious Surgical Inc. | LinkedIn By Amy Feldman with. Please. Kaitlyn Brosco Thanks Brica and thank you you all for participating in today's call. Very short follow-up, no statistical significance required. You can sign up for additional alert options at any time. So mostly focused on ventral hernia repair, but we are, of course, testing other indications as well, including some that we've mentioned, some that we haven't believe the ones that we've mentioned include colis, we've done a number that was [indiscernible]. Overall, what we're focused on right now is data to feedback, refining that design, getting to the next stage, which is verification and validation of our device, well be making some design changes after beta 2 based on the feedback that we received, again, all with the goal of making sure that the device that we're launching is exactly what surgeons need and hospitals need in order to provide better care for their patients.
Have Insiders Sold Vicarious Surgical Shares Recently? These partnerships epitomize Vicarious Surgical's objective to learn -- excuse to leverage next-generation robotic technology, to deliver a solution that directly addresses the current shortcomings of open surgery, laparoscopic and robotic-assisted minimally invasive surgery. The Companys technology was granted Breakthrough Device Designation by the U.S. Food and Drug Administration (FDA), making it the first, and only, surgical robot to receive this designation from the FDA2. Type a symbol or company name. By providing your email address below, you are providing consent to Vicarious Surgical Inc. to send you the requested Investor Email Alert updates. At Vicarious Surgical Inc., we promise to treat your data with respect and will not share your information with any third party. The Company is headquartered in Charlestown, MA. are serving as legal counsel to Vicarious Surgical. For additional detail regarding our second quarter 2022 financial results and a reconciliation of all non-GAAP measures to GAAP, please review our earnings press release. A couple of questions. This can be negative in some circumstances. Sean.Leous@westwicke.com You can sign up for additional alert options at any time. Sean.Leous@westwicke.com Credit Suisse is also serving as exclusive placement agent on the private offering. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Assuming no public shareholders of D8 Holdings Corp. exercise their redemption rights and based on current assumptions regarding the financial condition of Vicarious Surgical as of the closing of the transaction, current Vicarious Surgical Inc. equity holders will own approximately 64.7%, D8 Holdings Corp. equity holders will own approximately 22.3%, D8s sponsor will own approximately 5.6% and PIPE investors will own approximately 7.4% of the issued and outstanding shares of common stock, options and warrants to purchase shares of common stock, respectively, of the combined company at closing. While it is well worth considering the different groups that own a company, there are other factors that are even more important. Our robot can see, reach, and work anywhere inside the abdomen, which effectively shrinks the surgeon and puts her/him inside the human body. The Companys novel surgical approach uses a combination of proprietary human-like surgical robots and virtual reality to transport surgeons inside the patient to perform minimally invasive surgery. About Milestone Scientific ( Get Rating) Milestone Scientific, Inc. is a biomedical.
Vicarious Surgical Inc. and D8 Holdings Corp. Announce - Nasdaq Great. Khosla Ventures and E15 VC are the most recent investors. A more detailed description of the transaction terms and a copy of the Agreement and Plan of Merger will be included in a current report on Form 8-K to be filed by D8 Holdings Corp. with the United States Securities and Exchange Commission (SEC).
SEC.gov | HOME Shareholders, potential investors and other interested persons should read the proxy statement / prospectus carefully when it becomes available before making any voting or investment decisions. However, while Vicarious Surgical and D8 may elect to update these forward-looking statements at some point in the future, Vicarious Surgical and D8 specifically disclaim any obligation to do so. However, while Vicarious Surgical and D8 may elect to update these forward-looking statements at some point in the future, Vicarious Surgical and D8 specifically disclaim any obligation to do so. Adam? We are excited to work with the Vicarious Surgical team on the next phase of commercialization for their products, bringing what we believe is much needed innovation and choice to patients and practitioners, both in the U.S. and abroad..
Vicarious Surgical - Crunchbase Company Profile & Funding Our attendance at these conferences as well as our continued surgeon feedback and support has made us all the more confidence in our ability to transform the landscape of robotic surgery. A more detailed description of the transaction terms and a copy of the Agreement and Plan of Merger will be included in a current report on Form 8-K to be filed by D8 Holdings Corp. with the United States Securities and Exchange Commission (SEC). Vicarious Surgical's earnings and revenue track record (below) may not be compelling to institutional investors -- or they simply might not have looked at the business closely. Thank you all for joining. You can sign up for additional alert options at any time. The insiders have a meaningful stake worth US$131m. Funding Rounds We have significantly expanded our hospital and surgeon outreach first with the surgeon luminary group, as well as the more recently announced center of excellent partnership.
Vicarious Surgicals management team is led by Co-Founder & Chief Executive Officer, Adam Sachs, Co-Founder & Chief Technology Officer, Sammy Khalifa, Co-Founder & Chief Medical Officer, Dr. Barry Greene, Chief Financial Officer, Bill Kelly, and General Counsel & Chief Legal Officer, June Morris. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of financial and performance metrics and expectations and timing related to potential benefits, terms and timing of the transaction. Everything that we've seen thus far would indicate that we'll be in line with, again, with our peers at a relatively small trial. Again, this has not been locked in. The Company's technology was granted Breakthrough Device Designation by the U.S. Food and Drug Administration (FDA). Founded in 2015, Bahstun startup Vicarious Surgical has taken in just over $43 million in funding from investors that include renowned venture capital firm Khosla, Eric Schmidt's Innovation Endeavors, Marc Benioff of Salesforce, and America's most eligible bachelor, Sir William of Gates. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. I think the timeline specifically though, I'd like to hold off on commenting specifically around that, simply because at the end of the day, it really is the agency's discretion on when they sign off on our trial design. You must click the activation link in order to complete your subscription. The Vicarious Surgical Robotic System is not available for commercial sale in the United States. Copy and paste multiple symbols separated by spaces. These relationships will help optimize the development of the Vicarious Surgical platform and will serve as the foundation for strong commercial traction. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Concerned about the content? D8s shareholders and other interested persons are advised to read, once available, the preliminary proxy statement / prospectus and any amendments thereto and, once available, the definitive proxy statement / prospectus, in connection with D8s solicitation of proxies for its special meeting of shareholders to be held to approve, among other things, the proposed business combination, because these documents will contain important information about D8, Vicarious Surgical and the proposed business combination.
What You Need To Know About Vicarious Surgical Inc.'s (NYSE - Nasdaq Bill Gates-backed Vicarious Surgical, which is set to go public in a SPAC deal, hopes to reach $1 billion in revenue by 2027 as it takes on the goliath of surgical robots. These forward-looking statements should not be relied upon as representing Vicarious Surgicals and D8s assessments as of any date subsequent to the date of this press release. With the landscape of robotic surgery more extensive than it's ever been. Notably, sometimes top-level managers are on the board themselves. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the inability of the parties to successfully or timely consummate the proposed business combination, including the risk that any required approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed business combination or that the approval of the shareholders of D8 or Vicarious Surgical is not obtained; failure to realize the anticipated benefits of the proposed business combination; risks relating to the uncertainty of the projected financial information with respect to Vicarious Surgical; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; Vicarious Surgicals ability to manage future growth; Vicarious Surgicals ability to develop new products and solutions, bring them to market in a timely manner, and make enhancements to its products; the effects of competition on Vicarious Surgicals future business; the amount of redemption requests made by D8s public shareholders; the ability of D8 or the combined company to issue equity or equity-linked securities in connection with the proposed business combination or in the future; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; and those factors discussed in D8s Annual Report on Form 10-K for the year ended December 31, 2020 (the Annual Report) under the heading Risk Factors, and other documents of D8 filed, or to be filed, with the SEC. Thanks Kate. To the question of indications that we're testing, and beta 2 as well, so the early iterations of beta 2 have been tested by a handful of our hospital partners, including with the COE partners that I mentioned and some other partners as well. Co-Founder, Adam Sachs, recently sold US$54k worth of stock for US$2.24 per share. WALTHAM, Mass. Copy and paste multiple symbols separated by spaces.
Vicarious Surgical Investor Relations Material - Quartr Those who would like to participate . White & Case LLP is serving as legal counsel to D8. . The Company is led by an experienced team of technologists, medical device professionals and physicians, and is backed by technology luminaries including Bill Gates, Vinod Khoslas Khosla Ventures, Eric Schmidt's Innovation Endeavors, Jerry Yang's AME Cloud Ventures, and Philip Liangs E15 VC. Credit Suisse is serving as financial advisor and capital markets advisor to Vicarious Surgical. At Vicarious Surgical we are revolutionizing the field of surgical robotics. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. D8s objective is to identify a target business that is under-valued relative to its potential and ready for transformative improvement. Given these factors, we believe we are well positioned in this environment. Excellent. Yeah, that's totally fair. Accordingly, undue reliance should not be placed upon the forward-looking statements. For investor relations inquiries IR@vicarioussurgical.com See our latest analysis for Vicarious Surgical . The transaction is expected to close in the third quarter of 2021. My name is Brica, and I will be your operator for today's call. Vicarious Surgical and D8 anticipate that subsequent events and developments will cause Vicarious Surgicals and D8s assessments to change. Vicarious Surgical is funded by 14 investors. It has a market capitalization of US$1.5b, which means it would generally expect to see some institutions on the share registry. Yes.
Financials - SEC Filings | Vicarious Surgical Inc. With the deal, it will have around $220 million that it intends to use for . 4. Founded in 2014, Vicarious Surgical is a next generation robotics company developing a disruptive technology with the goals of increasing the efficiency of surgical procedures, improving patient outcomes and reducing healthcare costs. You may now disconnect your lines. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be included in the proxy statement / prospectus when it becomes available. Vicarious Surgical and D8 anticipate that subsequent events and developments will cause Vicarious Surgicals and D8s assessments to change. So yes, we're really excited about the opportunity to show it off in a hospital setting. Type a symbol or company name. D8s shareholders and other interested persons are advised to read, once available, the preliminary proxy statement / prospectus and any amendments thereto and, once available, the definitive proxy statement / prospectus, in connection with D8s solicitation of proxies for its special meeting of shareholders to be held to approve, among other things, the proposed business combination, because these documents will contain important information about D8, Vicarious Surgical and the proposed business combination. But could you go into more detail there especially as it relates to the beta 2 unit, it hasn't impacted the design in any way? Vicarious Surgical disclaims any intention or obligation, except as required by law, to update or revise any financial projections or forward-looking statements, whether because of new information, future events, or otherwise. Let's delve deeper into each type of owner, to discover more about Vicarious Surgical. If you experience any issues with this process, please contact us for further assistance. D8, Vicarious Surgical and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitations of proxies from D8s shareholders in connection with the proposed business combination. You can find more information about D8s directors and executive officers in D8s Annual Report. Thanks for taking the question. The Company was founded in 2014 by experienced roboticists Adam Sachs, Co-Founder & Chief Executive Officer, Sam Khalifa, Co-Founder & Chief Technology Officer, and Co-Founder & Chief Medical Officer, Dr. Barry Greene, who is a board certified Bariatric and General Surgeon with over 25 years of experience performing advanced laparoscopic surgical procedures.
Vicarious Surgical Reports First Quarter 2023 Financial Results But any feedback there would be great? Good afternoon and thank you all for joining us on today's call. Can you talk maybe a little bit about any surprises or things that came through a little bit differently than you expected them to hear how this positions you going forward, maybe and maybe sketch out from a practical standpoint, what this could look like. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Those who would like to participate . Total operating expenses for the second quarter of 2022 were $19.1 million, inclusive of R&D expenses of $10.1 million, general and administrative expenses of $7.8 million and another $1.3 million in sales and marketing expenses. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Our system fits through a standard door making it portable from operating room to operating room, and does not require a large footprint or facility construction build-out. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be included in the proxy statement / prospectus when it becomes available. Seven years ago, we started this company in order to solve the long-standing and persistent issues presented by open surgery, standard minimally invasive surgery and legacy robotic surgery, said Adam Sachs, Co-Founder & Chief Executive Officer of Vicarious Surgical. Just thinking maybe early first half of next year, maybe a good timeline, but any detail there would be great. And I think we've really seized that opportunity incredibly well, and develop the system that surgeons tell us they really love and has resolved a lot of the problems, not just that were with our beta on but actually existing in the field at large. D8 intends to file a registration statement on Form S-4 (the Registration Statement) with the SEC which will include preliminary and definitive proxy statements to be distributed to D8s shareholders in connection with D8s solicitation for proxies for the vote by D8s shareholders in connection with the proposed business combination and other matters as described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued in connection with the completion of the proposed business combination. So most of the challenges that we're facing today are around sourcing capabilities. This conference call contains time-sensitive information and is accurate only as of the live broadcast today, August 8th, 2022. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. Thank you. Vicarious Surgicals Executive Chairman, David Styka, will serve as Chairman of the combined companys Board of Directors. So to the surprises, I'll start with that. The appetite for differentiated next-generation robotics is large. You must click the activation link in order to complete your subscription. This article by Simply Wall St is general in nature. We are excited to work with the Vicarious Surgical team on the next phase of commercialization for their products, bringing what we believe is much needed innovation and choice to patients and practitioners, both in the U.S. and abroad.. As Charlie Munger said 'Show me the incentive and I will show you the outcome. Though we do sometimes see large companies without institutions on the register, it's not particularly common. After some time they may look to sell and redeploy capital elsewhere. Phone + 1 646 866 4012. We can see that Private Companies own 16%, of the shares on issue. Co-Founder and President of D8 Holdings Corp., Donald Tang and D8 Holdings Corp director, David Da-I Ho, MD will become members of the combined companys Board of Directors. Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. Aug 1, 2022 11:29AM EDT A look at the shareholders of Vicarious Surgical Inc. (NYSE:RBOT) can tell us which group is most powerful. 1 Vicarious Surgical estimates from data sourced from LSI Market Size Analysis and public filings. Sean Leous As such, we also continue to anticipate ending the year with approximately $100 million in cash and cash equivalents on our balance sheet. The transaction values the combined company at an enterprise value of approximately $1.1 billion and implies approximately 3.1x 2025 estimated revenue of $355 million. Institutions often own shares in more established companies,. And with that, I will turn the call over to Adam Sachs, Chief Executive Officer. Shareholders may also obtain a copy of the preliminary or definitive proxy statement, once available, as well as other documents filed with the SEC regarding the proposed business combination and other documents filed with the SEC by D8, without charge, at the SEC's website located at www.sec.gov or by directing a request to D8, at Unit 1008, 10/F, Champion Tower, 3 Garden Road, Central, Hong Kong. I'll say right off the bat that the conversations that we're having with the FDA continue to be very positive and very collaborative. We continue to evaluate the details of our supply chain for opportunities to build internal redundancies and multi-source key components and enhance our product design to address constrained supply chain risk. These techniques also fall short for a number of reasons, including difficult manipulation of instruments, limited degrees of freedom and reach and reduced depth perception and visibility as well as significant coordination required by surgical team. Earlier today, Vicarious Surgical released preliminary unaudited financial results for the three months ended June 30th, 2022. Summary Vicarious Surgical beats Milestone Scientific on 7 of the 12 factors compared between the two stocks. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability.
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