SCVX Corp (the "Company" or "SCVX"), a publicly traded Special Purpose Acquisition Company (SPAC), announced today that it will transfer its listing from the New York Stock Exchange to the NYSE American. The Company's decision to transfer to the NYSE American was driven by a number of factors, including more favorable thresholds for continued listing. The Company expects its last day of trading on the NYSE to be March 4, 2022, and expects to commence trading as an NYSE American-listed company when markets open on March 7, 2022. The Company will continue to trade under its existing "SCVX", "SCVX.U" and "SCVX WS" symbols. About SCVX SCVX is a Special Purpose Acquisition Company (SPAC) seek

SCVX Corp. ("SCVX"), a publicly traded Special Purpose Acquisition Company (SPAC), has announced today that it has entered into a non-binding letter of intent ("LOI") for a business combination. The target company is a pioneer in the Environmental, Social, and Governance (ESG) space. Under the terms of the LOI, SCVX and the target company would become a combined entity, with the target company's existing shareholders rolling over 100% of their equity into the combined public company. In connection with executing the LOI, SCVX and the target company have secured initial non-binding investment indications of approximately $75 million in total from an institutional investor and certain strate

Lior Susan Appointed Interim CEO, as Amar Hanspal Steps Down Bright Machines, an innovator in intelligent, software-defined manufacturing, announced today that Co-Founder and Chief Executive Officer Amar Hanspal is stepping down from his role. Lior Susan, Co-Founder and Board Member of Bright Machines, and Founding/Managing Partner at Eclipse Ventures, has been appointed as interim CEO. Hanspal joined the Bright Machines founding team in May 2018 and was an integral part of shaping the company's growth strategy and product portfolio. His extensive senior leadership experience and deep background in enterprise software and discrete manufacturing enabled Bright Machines to grow to over $30M

SCVX Corp., a Cayman Islands exempted company (NYSE:SCVX) ("SCVX") and a special purpose acquisition company, and Bright Machines, Inc., a Delaware corporation ("Bright Machines"), today announced that both companies have mutually agreed to terminate their previously announced business combination agreement, effective immediately. In light of the low likelihood that the business combination agreement could be completed prior to the January 15, 2022 "outside date" set forth in the merger agreement and current market conditions, SCVX and Bright Machines believe that terminating the business combination agreement is the best path forward for the parties and their respective stockholders. SCVX

2nd annual list recognizes 147 private companies that put purpose before profit Bright Machines, an innovator in software-defined manufacturing, has been named to the Inc. 2021 Best in Business list, this year in the manufacturing category. Inc.'s Best in Business Awards honor companies that have gone above and beyond to make a positive impact. The list, which can be found in the Winter issue of Inc. magazine (on newsstands December 14), recognizes small- and medium-size privately held American businesses that have had an outstanding influence on their communities, their industries, the environment, or society as a whole. "I'm proud to be named, for the second year in a row, to Inc.'s Be

Former Amazon executive brings deep software development experience as company continues to expand its Software-Defined Manufacturing solutions Today, Bright Machines, an innovator in intelligent, software-defined manufacturing, announced the addition of Sudhanshu ("Sud") Verma, a seasoned technology executive, to its leadership team as Chief Development Officer. He will oversee the strategy and execution of Bright Machines' intelligent automation software stack in a newly created role. Sud brings a strong background in cloud, data management, and hardware, having held senior engineering positions across industry-leading companies like Amazon, Amazon Web Services, Infinera, and Hewlett-Pac

New software offering to empower manufacturers to configure and optimize assembly automation quickly and easily Today, Bright Machines®, an innovator in intelligent, software-defined manufacturing, announced the launch of Brightware® Studio, a new software offering that liberates manufacturers from the constraints of traditional factory automation and introduces a new self-service capability that enables flexible automation at greater speed and lower cost. Brightware Studio provides additional functionality to the Bright Machines Microfactory – the company's flagship solution which combines intelligent software and modular building blocks to automate repetitive assembly and inspection tas

Former Apple and Intel executive to drive financial growth as company enters its next chapter as a public company Today, Bright Machines, a pioneer in intelligent, software-defined manufacturing, announced the addition of Michael Keogh, a 20-year tech and manufacturing industry veteran, to its leadership team as Chief Financial Officer. He joins during a period of growth and expansion for the company, as Bright Machines prepares to go public later this year through a previously announced de-SPAC transaction. Mike brings expertise that bridges technology and manufacturing, having held senior finance positions across industry-leading companies like Apple, Intel, and Stanley Black & Decker t

Today, Bright Machines, an industry leader in intelligent, software-defined manufacturing, announced a new partnership with Competitive Edge Manufacturing Equipment (CEME), which provides world-class automated electronic PCB assembly, inspection and test equipment. CEME will now offer Bright Machines Microfactories –– the combination of intelligent software with adaptive robotics to automate assembly and inspection tasks –– to their customers in the Southern California, Southern Nevada and Baja California regions. "Bright Machines Microfactories have the potential to completely transform assembly and inspection for manufacturers," said Steve Heinzen, Business Development Director, Bright M

Company committed to strengthening local tech hubs to drive the modernization of manufacturing Today, Bright Machines, an industry leader in intelligent, software-defined manufacturing, announced plans to open a new San Francisco, CA corporate headquarters and a new regional office and lab based in Austin, Texas. The new locations signal a continued commitment by the company to contribute to two of the country's most important tech ecosystems as the nation begins to reopen in the wake of the COVID-19 pandemic. A Renewed Commitment to the San Francisco Tech Community Bright Machines has held a presence in San Francisco since the company's founding in 2018, shifting to a remote-first work

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Lior Susan Appointed Interim CEO, as Amar Hanspal Steps Down Bright Machines, an innovator in intelligent, software-defined manufacturing, announced today that Co-Founder and Chief Executive Officer Amar Hanspal is stepping down from his role. Lior Susan, Co-Founder and Board Member of Bright Machines, and Founding/Managing Partner at Eclipse Ventures, has been appointed as interim CEO. Hanspal joined the Bright Machines founding team in May 2018 and was an integral part of shaping the company's growth strategy and product portfolio. His extensive senior leadership experience and deep background in enterprise software and discrete manufacturing enabled Bright Machines to grow to over $30M

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