Manufacturing firm Bright Machines raises $132M after unfulfilled SPAC deal

In May of last year, Bright Machines announced plans to embrace the SPAC craze with a merger deal that valued the Bay Area-based manufacturing firm at $1.6 billion. As the temperatures for the phenomenon cooled, however, so too did its plans. The plug was pulled last December, a little over a month before it was planned to go through.
Even without the SPAC slowdown, it hasn’t exactly been the ideal economy for such a large deal.
Today, the company announced that it’s returned to the more tried and true method of fundraising with a combined $132 million raise — that’s $100 million in equi

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