SCVX And Bright Machines Mutually Agree To Terminate Business Combination Agreement

SCVX Corp., a Cayman Islands exempted company (NYSE:SCVX) ("SCVX") and a special purpose acquisition company, and Bright Machines, Inc., a Delaware corporation ("Bright Machines"), today announced

SCVX Corp., a Cayman Islands exempted company (NYSE:SCVX) ("SCVX") and a special purpose acquisition company, and Bright Machines, Inc., a Delaware corporation ("Bright Machines"), today announced that both companies have mutually agreed to terminate their previously announced business combination agreement, effective immediately. In light of the low likelihood that the business combination agreement could be completed prior to the January 15, 2022 "outside date" set forth in the merger agreement and current market conditions, SCVX and Bright Machines believe that terminating the business combination agreement is the best path forward for the parties and their respective stockholders. SCVX is considering alternative transactions, including extending its current dissolution deadline of January 28, 2022 and pursuing another business combination.