Sarcos Robotics went public via a SPAC merger with Rotor Acquisition in a $1.3bn deal.

Sarcos Robotics, a developer of robotics and microelectromechanical systems, went public via a SPAC merger with Rotor Acquisition, a blank cheque company, in a $1.3bn deal. The transaction is sponsored by BlackRock, Millennium Management, Palantir Technologies, Caterpillar Ventures, Schlumberger, Michael F. Price, JAWS Estates Capital and the management of Sarcos and Rotor. “Having our securities listed on the Nasdaq is a crucial step for Sarcos. We are very excited to continue working towards the development of our first commercial units, which we expect will be ready for release at the end of 2022,” Ben Wolff, Sarcos Chairman and Chief Executive Officer.