Sarcos Robotics Is Going Public, Backed By Palantir, BlackRock and Caterpillar

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Sarcos Robotics Plans SPAC Deal for $1.3 Billion Value
Sarcos Robotics is planning to go public through a reverse merger with blank-check company Rotor Acquisition Corp.

The Salt Lake City-based robot maker and the special purpose acquisition company, or SPAC, will have a combined valuation of $1.3 billion including debt, the company said in a statement on Tuesday, confirming an earlier Bloomberg News report.
SOURCE:
news/articles/2021-04-06/sarcos-robotics-is-said-to-plan-spac-deal-for-1-3-billion-value