Sweetgreen divested its Spyce kitchen automation business for $100M in cash and $86.4M in stock.
Filing excerpt
the Company and certain of its subsidiaries sold to Buyer the kitchen automation technology known as the “Infinite Kitchen” and certain other assets related to the kitchen automation technology business (the “Spyce Business”)
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linkedin_urlValue in the APIindustriesValue in the APIemployee_count_lowValue in the APIemployee_count_highValue in the APIrevenueValue in the APIdescriptionValue in the APISignal
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{
"signal_id": "8af6a91b-6ed0-41a7-bfa0-039b67e36159",
"signal_type": "sec-8k",
"signal_subtype": "restructuringCharge",
"detected_at": "2026-02-03T13:56:34.969+00:00",
"company": {
"name": "Sweetgreen",
"domain": "sweetgreen.com"
},
"data": {
"detail": "Sweetgreen divested its Spyce kitchen automation business for $100M in cash and $86.4M in stock. This strategic shift away from in-house technology development to focus on core restaurant operations creates opportunities for new operational efficiency and supply chain solutions.",
"metrics": {
"timeframe": "immediate",
"dollar_context": "Total consideration for the sale of the Spyce Business and 'Infinite Kitchen' technology to Wonder Group.",
"dollar_millions": 186.4
},
"summary": "Sweetgreen sells 'Infinite Kitchen' automation unit to Wonder Group for $186.4M.",
"excerpts": "the Company and certain of its subsidiaries sold to Buyer the kitchen automation technology known as the “Infinite Kitchen” and certain other assets related to the kitchen automation technology business (the “Spyce Business”)",
"relevance": 0.9,
"sentiment": "neutral",
"confidence": "high",
"source_url": "https://www.sec.gov/Archives/edgar/data/1477815/000162828026000636/sg-20251229.htm",
"filing_date": "2026-01-05",
"filing_year": 2026,
"sales_relevance": "Vendor review likely",
"signal_category": "financial",
"vendors_mentioned": [
"Wonder Group, Inc."
],
"technologies_mentioned": [
"kitchen automation",
"Infinite Kitchen"
]
}
}
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