Robotic SPAC Deal Gets Backing From Several Fortune 100 Companies $ROT | SPACs Attack

In this clip, Chris Katje covers Sarcos Robotics, which plans to go public through a reverse merger with blank-check company Rotor Acquisition Corp., a SPAC deal valued at $1.3 billion. The company raised about $220 million in a private investment in public equity, or PIPE, from investors including BlackRock Inc., Millennium Management, Palantir Technologies Inc., Caterpillar Venture Capital Inc., and Schlumberger. Sarcos creates robotic systems for non-repetitive activities in the manufacturing and military sectors in order to boost productivity. Its wearable devices provide mechanical limbs and support to help people lift heavy objects, reducing workplace injuries. Get 20% off Benzinga PRO➡️https://benzinga.grsm.io/youtube20 Meet The Hosts: Mitch Hoch Twitter: https://twitter.com/STORYInvestors Chris Katje Twitter: https://twitter.com/chriskatje //////MORE STUFF TO CHECK OUT/////// For a FREE two-week trial of Benzinga Pro➡️ https://pro.benzinga.com/?gspk=eW91dHViZXlvdXR1YmU5OQ%3D%3D&gsxid=k2ko5PL8YEld Live education at Benzinga Boot Camp ➡️https://www.benzinga.com/events/boot-camp/ Benzinga merch ➡️https://swag.benzinga.com/ Join Benzinga’s Discord ➡️https://discord.com/invite/Sy2UgMPu6u Benzinga’s Premium Newsletters ➡️ https://www.benzinga.com/premium/ideas/benzinga-Premium-newsletters/?utm_source=youtube&utm_medium=yt-description Learn About Investing➡️ https://www.benzinga.com/money/investing/ Investing Courses➡️ https://edu.benzinga.com/collections Best Online Stock Brokers ➡️ https://www.benzinga.com/money/online-stock-trading/ Best Cryptocurrency Exchanges ➡️ https://www.benzinga.com/money/best-brokers-cryptocurrencies/ Like the show? Keep up with all Benzinga news! Visit https://www.benzinga.com/ Visit https://twitter.com/Benzinga to follow us on Twitter Visit https://www.facebook.com/Benzinga/ to like us on Facebook //////Benzinga's FREE Newsletters////// Pre-Market Activity ➡️ https://share.hsforms.com/1hvuL5n3IThCzuGKS16O9hw1npzh Market in 5 Minutes ➡️ https://share.hsforms.com/1SoPsxeyZRGaNV52R_Z7CKQ1npzh SPACS ➡️ https://share.hsforms.com/1ksYte4rVS5ustuB_6KxPlQ1npzh Fintech Focus➡️https://share.hsforms.com/10H_AAFtURbyjDOQBXbpL8A1npzh Cannabis Insider➡️https://share.hsforms.com/1SD_FsDd8TnS-RYQYnORPFw1npzh Crypto ➡️https://share.hsforms.com/1iepZK7-OSvOkUXNX0XWNRw1npzh Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions. #Benzinga​ #StockMarket​​ #Trading​ #Topstocks​​ #stockmarketnews #ROT