Since September 27, 2021.
The common stock of our predecessor Rotor Acquisition Corp., a special purpose acquisition company (SPAC), has been publicly traded since January 20, 2021.
Sarcos warrants are publicly traded on the Nasdaq under the ticker symbol “STRCW.” Each whole warrant entitles the holder to purchase one share of STRC common stock at a price of $11.50 per share, subject to adjustment, and only whole warrants are exercisable. The warrants will become exercisable on January 20, 2022, the one-year anniversary of our predecessor Rotor Acquisition Corp.’s IPO. They will expire five years after completing the initial business combination between Rotor Acquisition Corp. (Rotor) and Sarcos, or earlier upon redemption or liquidation.
Sarcos has the ability to redeem outstanding warrants at any time after they become exercisable and prior to their expiration. The process by which the company may redeem its warrants is set out in the definitive proxy statement filed by Rotor with the SEC on August 6, 2021.
STRC (common stock)
80359A 106 (Common stock)
80359A 114 (Warrants)
US80359A1060 (Common stock)
On April 6, 2021, Sarcos Corp. announced that it would become publicly listed through a merger transaction with Rotor, a publicly traded special purpose acquisition company.
Rotor securities were previously listed on the New York Stock Exchange under the symbols “ROT,” “ROT.WS,” and “ROT.U.” Upon the approval of the business combination of Rotor and Sarcos Corp. on September 15, 2021, Rotor publicly traded common stock and public warrants were delisted from NYSE and registered with Nasdaq under the symbols “STRC” and “STRCW,” respectively.