FORT Robotics has agreed to merge with Newbury Street II Acquisition Corp in a SPAC transaction that would take the robotics safety company public at a pro-forma enterprise value of $556.6 million and a pre-money equity value of $500.0 million. The combined company is expected to be named FORT Robotics Holdings, Inc. and list on Nasdaq under the ticker FROB, subject to regulatory approvals. FORT makes wireless emergency stops, vehicle safety controllers and the FORT Manager software platform, which it markets as safety infrastructure for physical AI so autonomous machines can operate around people and in mixed-machine environments. The company said its customer base exceeds 600 globally, spanning robotics developers, end users, universities and governments, with named customers including Agility Robotics, DoorDash, Cobot, Zoox, Textron and Google DeepMind. It said its technology is deployed across more than 19,500 units, supported by 25 patents and certified to Safety Integrity Level 3 under IEC 61508. FORT said revenue increased 62% year over year in 2025, while mature enterprise accounts grew 91%. Gross margins were 66% in 2025 and 70% in 2024, and no single customer accounted for more than 9% of 2025 revenue. Before pursuing the public listing, the company had raised $60.5 million in venture funding, including an $18.9 million Series B that closed on August 6, 2025, with Tiger Global and Mark Cuban among the backers. The deal is expected to generate about $201 million in gross proceeds, assuming no redemptions by Newbury Street II shareholders, and about $182 million in net cash after estimated transaction costs. FORT said the proceeds would be used to speed product development, expand global go-to-market efforts and support tuck-in acquisitions. Existing FORT shareholders are expected to roll over 100% of their equity and retain an estimated 67% majority ownership stake at closing, assuming no redemptions. Founded in 2018, FORT said it recently expanded its platform through the May 2026 acquisition of Mapless AI, adding teleoperation, remote supervision and onboard active safety capabilities. The transaction has been unanimously approved by both companies' boards and is expected to close in the fourth quarter of 2026, subject to shareholder, SEC, Nasdaq and other regulatory approvals.