While it’s true the VC world has gone SPAC-happy, the reverse merger method hasn’t been a huge driver in robotics thus far, with some notable exceptions like Berkshire-Grey. This morning, however, Utah-based Sarcos Robotics announced plans to board the SPAC train, courtesy of Rotor Acquisition Corp.
The deal could potentially value the robotic exoskeleton maker and blank check co. at a combined $1.3 billion, along with a potential $281 million earn out. Sarcos is, of course, one of a number of companies currently exploring the robotic exoskeleton category. So, what sets the company apart, beyond some heavy-duty James Cameron-style design …
