Shearman & Sterling advised the underwriters in connection with Vicarious Surgical Inc.'s follow-on offering of 45,000,000 shares of Class A common stock at a public offering price of $1.00 per share, resulting in gross proceeds to the Company of $45 million, before deducting underwriting discounts and commissions and offering expenses.
Morgan Stanley and TD Cowen acted as joint book-running managers for the offering.
Vicarious Surgical Inc. combines advanced miniaturized robotics, computer science, sensing and 3D visualization to build a new category of intelligent and affordable, single-port surgical robot that virtually transports surgeons inside the patient to perform minimally invasive surgery.