Rotor Acquisition Files Analyst Presentation on Sarcos Robotics Deal

Sarcos Robotics

Rotor Acquisition and its merger target Sarcos Robotics distributed an Analyst Day Presentation in an SEC filing today.

The SPAC’s shareholders are set to vote on the $1.3 billion deal Sept. 15.

The business combination is expected to deliver up to $496 million of gross proceeds to Sarcos, including up to $220 million from a fully committed PIPE.

Pending shareholder approval, upon closing the combined company’s common stock is expected to trade on the Nasdaq under STRC. Deal terms call for a potential earnout of an additional $281 million based on the combined company’s future share trading price. Read more.

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