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.
