Ticker Launch
Sign inTry it free

SPAC · Merger completed

Rotor Acquisition Corp.

Business combination with Sarcos Corp.

Rotor Acquisition Corp. is a blank-check company (SPAC) that raised $240M in its initial public offering on Jan 19, 2021, listing on New York Stock Exchange. It completed its business combination with Sarcos Corp. on Sep 24, 2021; the combined company is Sarcos Technology and Robotics Corporation (STRC). Graubard Miller advised the SPAC and Davis Polk advised the underwriters on the IPO.

Sarcos Corp. makes robots, including a multi-purpose inspection robot, and is adding the Guardian XO and Guardian XT robots to its commercial lineup. It aims to offer a full suite of robots that can do physically demanding work needing human-like skill and dexterity.

Status
Merger completed
IPO date
Jan 19, 2021
IPO size
$240M
IPO exchange
New York Stock Exchange
Target
Sarcos Corp.
Announced
Apr 6, 2021
Closed
Sep 24, 2021
Combined company
Sarcos Technology and Robotics Corporation (STRC)
SPAC counsel (IPO)
Graubard Miller
Underwriters' counsel (IPO)
Davis Polk

More on this SPAC for subscribers

Every record in the database also has its full filing timeline, a daily-updated calendar, watchlist alerts and Excel export.

Try it free for 7 daysOpen in Ticker Launch

Then $99/month or $999/year. Cancel anytime.

Filings

Other deSPACs that closed in 2021