Deal Snapshot
Sarcos Robotics to Merge with SPAC
Wednesday 07 April 2021

US-based mobile industrial robotic systems developer Sarcos Robotics will become publicly listed through a merger transaction with special purpose acquisition company Rotor Acquisition Corp. (NYSE: ROT.U), the company said.

Upon closing, the combined company's common stock is expected to trade on NASDAQ under the ticker symbol STRC. The transaction represents an enterprise value of USD 1.3bn for the combined company, plus a potential earnout of an additional USD 281m based on the combined company's future share trading price.

Date Published: 07/04/2021