And ... The Deal is Done, Almost, as Sarcos Robotics is on the Cusp of Becoming a Public Company via a SPAC Merger

According to a news release issued this morning by Rotor Acquisition Corp. (NYSE:ROT, ROT.U, and ROT WS), Rotor shareholders have voted in favor of merging with Salt Lake City-based Sarcos Robotics.

As a result of this vote (completed yesterday), Sarcos will

  • Officially become a publicly listed company on September 27, 2021, with
  • Its shares and warrants (STRC and STRCW, respectively), traded on the NASDAQ Stock Market, with
  • The post-merger company known as Sarcos Robotics and Technology Corporation, and
  • The current Sarcos management team continuing to lead the company.

The Sarcos merger with Rotor was first announced some six months ago in early April, as reported here.

Built through a tech transfer agreement with the University of Utah in the early 1980s, Sarcos began as a developer of components for some of the earliest commercial robotics applications.

Today, Sarcos is a full-blown robotics firm, with one of its most interesting systems an Iron Man like exoskeleton it's designed that is being evaluated by Delta Airlines. {The video below gives an idea of what this system is like.}

Look for more details about Sarcos as a publicly traded entity in the days ahead.

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