深潮TechFlow|10月 23, 2026 02:13
FORT Robotics has received an additional investment commitment of approximately $20 million from Tiger Global and others, and plans to merge with SPAC to list on NASDAQ
According to a press release from FORT Robotics on October 23rd, the physical AI security platform FORT Robotics announced on October 22nd that it has received approximately $20 million in new investment commitments from existing investors. Among them, Tiger Global led the financing of approximately $10 million, with Mark Cuban Companies participating, and is expected to complete the delivery within this week. Tiger Global has added an additional $10 million to the PIPE (Private Equity Financing of Listed Companies) that will be delivered simultaneously with the merger. Combined with the previously announced PIPE commitments, the total committed capital for the proposed business merger between FORT and Newbury Street II Acquisition Corp (NASDAQ: NTWO) has exceeded $50 million. After the merger is completed, the company will be renamed FORT Robotics Holdings, Inc. and plans to list on NASDAQ under the code "FROB", but regulatory approval is still required.
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