Welcome to our dedicated page for ROT news (Ticker: ROT), a resource for investors and traders seeking the latest updates and insights on ROT stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ROT's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ROT's position in the market.
Rotor Acquisition Corp. announced shareholders approved its business combination with Sarcos Robotics, a leader in robotic systems for enhancing human productivity. The transaction is expected to close on
Rotor Acquisition Corp. (NYSE: ROT) urges stockholders to vote "FOR" its proposed business combination with Sarcos Corp. at a special meeting scheduled for September 15, 2021. Following the merger, the company will be renamed to Sarcos Technology and Robotics Corporation and will transfer its listing from the NYSE to Nasdaq under the ticker symbols STRC and STRCW, expected to commence trading around September 27, 2021. Stockholders are encouraged to participate and vote promptly.
Sarcos Defense announced several U.S. government agencies have ordered the Guardian HLS Heavy-Lift System, a battery-powered pneumatic system designed for rapid recovery and rescue operations. This innovative system can lift objects up to 45,000 pounds in under a minute and is operated by a single person, providing significant improvements in speed, weight, and stability over existing solutions. These contracts underscore the technology's validation and Sarcos' strong relationships in the defense sector, further enhancing its market position.
Sarcos Robotics has successfully completed its first field demonstrations of the Guardian XT industrial robotic avatar system, marking a significant step towards commercialization expected by the end of 2022. These demonstrations were conducted in the Pacific Northwest and Southern U.S. and showcased the system's capabilities in dangerous tasks such as tree trimming around powerlines and nondestructive testing in a chemical plant. Sarcos plans to integrate its SenSuit wearable robot controller to enhance teleoperation of the Guardian XT. The company is set to merge with Rotor Acquisition Corp., with the transaction expected to close in Q3 2021.
Sarcos Robotics has partnered with Pine Environmental Services to distribute the Guardian® S remote visual inspection robot across the U.S. and Canada. This collaboration aims to enhance productivity and safety by providing rental services for the robot, known for its portability and advanced capabilities. The Guardian S facilitates real-time communication and operates in challenging environments, catering to various industries including NDT and public safety. The partnership is expected to drive significant benefits for customers requiring remote inspection solutions.
Sarcos Defense, a subsidiary of Sarcos Robotics, has partnered with BAE Systems to enhance autonomous platform capabilities. They received a $1.699M contract from the Air Force Research Laboratory (AFRL) for a Collaborative Sensing platform, expected to continue through 2023. The project aims to improve coordination among unmanned systems like UAVs and UGVs using AI and machine learning, ultimately enhancing situational awareness and safety. The findings will be integrated into Sarcos’ upcoming Cybernetic Training for Autonomous Robots (CYTAR™) platform.
Sarcos Robotics and Rotor Acquisition Corp. announced the filing of Rotor's definitive proxy statement with the SEC on August 6, 2021, a crucial step towards Sarcos becoming publicly traded. The proposed business combination aims to yield up to $496 million in gross proceeds, including $220 million from a committed PIPE. The Special Meeting for stockholder approval is set for September 15, 2021. If approved, Sarcos shares are expected to trade on Nasdaq under the symbols STRC and STRCW. The transaction has received unanimous board approval and is anticipated to close in Q3 2021.
Sarcos Robotics announces a partnership with T-Mobile to integrate 5G technology into its Guardian XT mobile industrial robot. This collaboration aims to enhance remote operations, enabling operators to perform tasks more efficiently and safely in hazardous conditions. The integration will start with a remote viewing system powered by T-Mobile's 5G network, followed by teleoperation capabilities. Both the Guardian XO and XT robots are projected for commercial release by the end of 2022. Sarcos is also set to go public through a merger with Rotor Acquisition Corp.
Sarcos Robotics and Rotor Acquisition Corp. (NYSE: ROT) will host a virtual analyst day on August 18, 2021, from 11:00 a.m. to 12:00 p.m. ET, followed by one-on-one investor meetings on August 19 at Sarcos' headquarters in Salt Lake City, Utah. This event will showcase Sarcos' mobile industrial robotic systems, including the Guardian XO exoskeleton and Guardian XT robot. Rotor announced a merger with Sarcos on April 6, 2021, expected to close in Q3 2021, resulting in Sarcos trading on Nasdaq under STRC.
Sarcos Robotics will participate in two major investor conferences in August 2021. The Jefferies 2021 Industrials Conference is set for August 4, featuring a virtual presentation at 10:00 a.m. ET by CEO Ben Wolff. The 10th Annual Needham Virtual Industrial Technologies Conference follows on August 6 and 9, focusing solely on 1x1 meetings. Notably, Sarcos is poised to go public through a merger with Rotor Acquisition Corp. (NYSE: ROT), anticipated to finalize in Q3 2021. The combined company will trade under the ticker STRC on Nasdaq.
