Symbotic shares fall 12.93% after-hours after secondary stock sale announced by company and SoftBank.

Symbotic (SYM) fell 12.93% in after-hours trading following the announcement of a secondary stock offering. The company, alongside early investor SoftBank, plans to sell 10 million shares—6.5 million of Class A common stock and 3.5 million from SoftBank—amid a 56% surge in the previous week’s earnings-driven rally. The offering, disclosed after market close, triggered investor concerns over dilution of existing shareholders and signaled capital-raising needs despite a recent all-time high valuation. The move aligns with broader market reactions to equity overhangs, as the sale’s scale and timing—immediately after strong results—prompted profit-taking and skepticism about valuation sustainability.