Vicarious Surgical Inc. Warrants

These warrants trade alongside the common stock of Vicarious Surgical, a robotics company, and give the holder the right to buy its shares at a fixed price before they expire; their value rises and falls with, and more sharply than, the underlying stock. Vicarious Surgical, founded in 2014 and based in Waltham, Massachusetts, is developing a surgical robot that operates through a single small incision, pairing miniature human-like instruments with a virtual-reality control system meant to place a surgeon effectively inside the patient. It went public in 2021 by merging with a blank-check company, D8 Holdings, and the warrants date from that deal. Because the robot is still in development and not yet cleared for sale, both the shares and these warrants are speculative, and the warrants are worthless if the stock never reaches the exercise price.

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