Sarcos Robotics to Merge with Rotor Acquisition Corp. (ROT)
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Sarcos Robotics to Merge with Rotor Acquisition Corp.
April 6, 2021 7:00 AM EDTSarcos Robotics, a leader in highly dexterous mobile industrial robotic systems, develops robotic systems to enable the workforce of the future with solutions that enhance productivity, reduce occupational injuries, and equalize employment opportunities for the jobs around the world that do not lend themselves to automation
Merger expected to provide the company with up to $496 million of proceeds before expenses to fund business plans, facilitate potential bolt-on acquisitions, and enhance capabilities
$220 million PIPE with participation from funds and accounts managed by BlackRock, Millennium Management LLC, Palantir Technologies Inc.,... More
