Sarcos became a publicly listed company on September 24, 2021 after completing a business combination with Rotor Acquisition, a publicly traded special purpose acquisition company. Forge no longer actively tracks this company.
The deal, valued at $100M, includes $30M in cash and $70M in Sarcos stock. Sarcos notes that its 100+ employees will stay on-board during the transition. That includes CEO Jorgen Pedersen, who will step into the COO position at the newly merged company.
