Rotor Acquisition Corp. (ROT) to Combine with Sarcos Robotics in $1.3Bn Deal

Rotor (NYSE:ROT) has entered into a definitive agreement to combine with industrial robotics maker Sarcos at an enterprise value of $1.3 billion or 3x its 2024E revenue. Sarcos provides robotics designed to augment worker capabilities and prevent workplace injuries. The combined entity is expected to trade on the Nasdaq under the symbol “STRC” once the
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