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Sarcos Robotics acquired RE2 Robotics for $100 million ($30M cash, $70M stock) to develop robots for dangerous tasks in aviation, construction, defence, and energy.
Rotor Acquisition Corp. shareholders approved the business combination with Sarcos Robotics. The combined company will be called Sarcos Technology and Robotics Corporation and is expected to begin trading on Nasdaq on September 27, 2021, under ticker 'STRC'.
Sarcos Robotics announced a merger with SPAC Rotor Acquisition Corp. to become publicly listed, with an enterprise value of $1.3 billion and up to $496 million in proceeds. The combined company will be named Sarcos Technologies and Robotics Corporation and trade on Nasdaq under STRC.