FORT Robotics
Definitive (DA signed)Information Technology · robotics safety and security software · founded 2018
- What it is
- FORT Robotics Inc
- What it’s doing now
- Merging with Newbury Street II Acquisition Corp (NTWO) — definitive (da signed), announced Aug 18, 2026; expected close Q4 2026.
- What you should know
- Data is still being assembled for this company — what is shown below is everything we have verified so far.
The business, per its filings
SEC primaryFORT Robotics Inc. FORT Robotics is The Trust Layer for Physical AI, with the charter of making autonomous machines safe, secure, and reliable enough to deploy at scale alongside humans. Partnering with FORT gives robot manufacturers and end users the ability to certify safety, maximize efficiency, AND gain time to market speed. Since its founding in 2018, FORT has become a leading provider of safety solutions across the robotics industry and used across warehousing, transportation, manufacturing, construction, agriculture, mining, energy, defense, and other industries. FORT has secured 25 patents and deployed more than 19,500 units to a global base of over 600 customers including Fortune 500 category leaders. More information at www.fortrobotics.com
Source: 425, accession 0001213900-26-093104
What the company says about itself
Web research — not auditedFORT Robotics provides 'The Trust Layer for Physical AI,' a unified suite of hardware, software, and services designed to ensure safe, secure, and efficient operation of autonomous machines alongside people. Founded in 2018, the company focuses on functional safety, wireless control, and rules-based safety frameworks to accelerate certification and deployment across multiple industries.
- Markets:
- Warehousing | Construction | Agriculture | Manufacturing | Mining | Transportation | Lawn Care | Delivery | Defense
- Products:
- Safe Remote Controls | Wireless E-Stop Pro | Nano Safety Controller | Endpoint Controller | Wired Remote Control | Vehicle Safety Controller | Wireless E-Stop | Connectivity Aggregation | Remote Operation | Inside-Out Safety | Outside-In Safety | FORT Manager | Safety Architecture | 24/7 Rapid Support | Deployment, Integration & Field Services | Customer Success & Fleet Analytics | Product & Safety Training
Source: https://www.fortrobotics.com/ · captured Aug 21, 2026 · marketing claims are reported as claims, never merged into the filed figures above.
The deal it’s entering
FORT Robotics is merging with Newbury Street II Acquisition Corp (NTWO), a $173M SPAC currently marked Deal announced and trading at $10.98 against $10.73 in trust per share.
| Headline equity value | $500M |
| PIPE | $31Mprivate placement |
| Post-close ticker | FROB |
Structure per SEC accession(s) 0001213900-26-090997. How to read these numbers: headline vs effective valuation · what a definitive agreement commits
What exactly is being valued, and at what
Three different numbers are all called the deal value
They are not the same fact, and only the last one is what a valuation multiple may be struck on.
What FORT Robotics, Inc. on its own is valued at, before a dollar of the SPAC's trust or the PIPE reaches it. This is the price agreed for the business itself.
assumes 0% redemptions
Every share of the combined company, marked at the reference price, once the deal closes — the business PLUS the cash that arrives with it. This is the figure press headlines quote, and it is bigger than the business for that reason alone.
assumes 0% redemptions
Money the transaction puts INTO the company. It is counted inside the equity value above, which is why it comes straight back out to reach the figure below — nobody pays a revenue multiple for a bank balance.
The combined company net of that cash — what the buyers are paying for the BUSINESS. Every multiple below is struck on this figure and on nothing else.
What that price is, per dollar of sales
Enterprise value ÷ EBITDA — not shown
No EBITDA figure for FORT Robotics, Inc. appears in any filing we hold, so no EV/EBITDA multiple is shown. We have not inferred one from a margin assumption — a multiple built on an assumed margin measures the assumption, not the company.
What qualifies these figures
- The equity and cash figures above assume NOBODY REDEEMS — the filing's own assumption, and the most favourable one available to it. Public shareholders in this market frequently redeem most of a trust; at a higher rate both figures fall together and the enterprise value the multiples are struck on does not move.
- The announced headline of $500M and the filed pro-forma equity value of $742.4M are not the same number. Both are recorded as stated; we have not reconciled them for you.
All figures above are stated in EX-99.2 deck0001213900-26-090994
Pro Forma Capitalization table, EX-99.1 investor presentation. Sources $700.8M = FORT rollover equity 500.0 + Newbury II cash in trust 169.6 + PIPE/NRA 31.3; uses = cash to balance sheet 181.8 + estimated transaction costs 19.0. The $31.3M of "incremental financing" is 15.8 PIPE + 15.5 NON-REDEMPTION agreements — an NRA is a holder promising not to withdraw, not new cash, so only 15.8 is money arriving. Footnote (4): trust balance as of 6/30/2026, excludes proceeds subject to non-redemption agreements at announcement, "May not be indicative of final redemption levels" — the table therefore assumes 0% redemptions.
Was this deal done at an expensive or a cheap valuation?
SpacBrain’s read on the price
No multiple can be computed
We hold no revenue figure in US dollars for FORT Robotics, Inc., so there is nothing to divide the price by and no multiple can be struck. It is not recorded as pre-revenue either — this is a gap in our record, not a finding that the company has no sales. The deal values it at $556.6M regardless.
We have not extracted a revenue figure for this company from its filings yet. That is our gap, not a statement about the business.
Pro-forma enterprise value as filed.
Not extracted from the filings yet.
Not computable — no revenue figure has been extracted from the filings yet.
No listed comparable carries a revenue multiple we can use.
Common questions
Is FORT Robotics going public?
FORT Robotics has a signed merger with the SPAC Newbury Street II Acquisition Corp (NTWO), announced Aug 18, 2026. The combined company expects to trade as FROB. Deal status: Definitive (DA signed).
What is FORT Robotics's SPAC deal valuation?
The announced headline equity value is $500M.
Was FORT Robotics bought at an expensive or a cheap valuation?
We hold no revenue figure in US dollars for FORT Robotics, Inc., so there is nothing to divide the price by and no multiple can be struck. It is not recorded as pre-revenue either — this is a gap in our record, not a finding that the company has no sales. The deal values it at $556.6M regardless.
Does FORT Robotics have revenue?
The filings we've parsed don't state a usable revenue figure yet; this profile is updated as new documents land.
Educational content, not investment advice.
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