Fort Robotics, a Philadelphia-based physical AI safety firm, plans to list on the Nasdaq under the symbol FROB through a SPAC merger with Newbury Street II Acquisition Corp. The deal values the combined company at approximately $500 million. The company has about 19,000 devices deployed, holds over 25 patents, and serves more than 600 customers in manufacturing, logistics, and agriculture. It has raised a total of $60.5 million in venture funding, including an $18.9 million Series B round in August 2025. The SPAC merger, expected around August 18, 2026, would make Fort Robotics the first publicly traded firm focused on the safe deployment of physical AI.
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