Rotor Acquisition Corp. Reminds Shareholders To “FOR” Business Combination With Sarcos Corp. to vote at special shareholders’ meeting

After the close, the combined company will be delisted from the New York Stock Exchange and trade on Nasdaq under the ticker symbols “STRC” and “STRCW”

NEW YORK, September 08, 2021–(BUSINESS WIRE)–Rotor Acquisition Corp. (the “Company” or “ROT”) (NYSE: ROT.U, ROT and ROT WS), a special purpose acquisition company, today reminds shareholders to vote “FOR” the business combination with Sarcos Corp. (“Sarcos”) and the related proposals at the special shareholders’ meeting scheduled for September 15, 2021 (the “Special Meeting”).

Upon completion of the business combination, the Company will change its name to “Sarcos Technology and Robotics Corporation” and intends to list its Class A common stock, par value $0.0001 per share (the “Common Stock”) and publicly – traded warrants to acquire common stock (“warrants”) from the New York Stock Exchange (the “NYSE”) to The Nasdaq Stock Market LLC (“Nasdaq”) following the expected closing of the business combination.

Trading in common stocks and warrants is currently expected to begin on Nasdaq on or about September 27, 2021, under the new ticker symbols “STRC” and “STRCW,” respectively. Until the business combination is completed, the company’s common stock, warrants and units will trade under the ticker symbols “ROT”, “ROT WS” and “ROT.U”, respectively, on the NYSE. The units of the Company will automatically be separated into their underlying shares of Ordinary Shares and Warrants in connection with the closing of the Business Combination and will not be listed upon its completion.

The decision to transfer listings to Nasdaq was made in view of the business combination and will enable the company to be listed on Nasdaq after the business combination along with other innovative companies. Upon completion of the business combination, the Company will delist its common stock, warrants and units from the NYSE. The listing on the Nasdaq and the delisting from the NYSE are subject to the closing of the business combination, including shareholder approval at the special meeting and meeting all requirements for listing on the Nasdaq.

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As previously announced, the Company will hold the Special Meeting via live audio webcast on https://www.cstproxy.com/rotoracquisition/2021 on September 15, 2021 at 10:00 AM Eastern Standard Time for its shareholders who would vote, among other things, on the proposed business combination at close of business on August 2, 2021. A supplement to the final proxy in respect of the business combination, together with a proxy card to vote, has been sent to the shareholders of the Company. Shareholders are encouraged to attend the special meeting and vote as soon as possible by signing, dating, and returning the proxy card enclosed with the Supplement to the Proxy Statement filed with the U.S. Securities and Exchange Commission (“SEC” ) on August 30, 2021, and sent to registered shareholders by post on or about August 30, 2021. If you have any questions, please contact Morrow Sodali, the company’s proxy attorney, at (800) 662-5200. For banks and brokers, call (203) 658-9400.

Existing shareholders of the Company are not required to take any action with respect to the ticker symbol or the change in listing.

About Rotor Acquisition Corp.

With approximately 100 years of combined experience investing and managing capital in markets and industries, structuring transactions and building businesses and led by Chief Executive Officer Brian Finn, Chairman of the Board Stefan M. Selig, and President John D. Howard, Rotor Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital exchange, asset acquisition, stock purchase, reorganization or similar business combination with potential target companies with certain industrial and business characteristics in the field of disruptive consumer and industrial technologies. For more information, visit www.rotoracquisition.com.

About Sarcos Robotics

Sarcos Robotics is a leader in industrial robotics systems that enhance human performance by combining human intelligence, instinct and judgment with the power, endurance and precision of machines to improve worker safety and productivity. Leveraging more than 30 years of research and development, Sarcos mobile robotic systems, including the Guardian ^{S, GuardianGT, Guardian XOand Guardian XT, are designed to revolutionize the future of work wherever physically demanding work is done. Based in Salt Lake City, Utah, Sarcos is backed by Caterpillar Venture Capital Inc., Delta Air Lines, GE Ventures, Microsoft and Schlumberger. For more information, visit www.sarcos.com and the Sarcos Investor Relations website.}

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, Rotors and Sarcos’ expectations or predictions of future business performance or conditions, Sarcos’ product roadmap, including the anticipated timing of commercialization or new product releases and the anticipated capabilities of products currently in development. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. In general, statements that are not historical facts, including statements about possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or contain the words ‘believes’, ‘estimates’, ‘expects’, ‘projects’, ‘predicts’, ‘can’, ‘will’, ‘should’, ‘seeks’ , “plan”, “planned”, “anticipate”, “intend” or “continue” or similar expressions. Such forward-looking statements involve risks and uncertainties that could cause actual events, results or performance to differ materially from those expressed in such statements, including risks associated with Sarcos’ ability to execute its business strategy, attract and retain and develop new offerings. These forward-looking statements are based on the current expectations and beliefs of Sarcos’ management, as well as on a number of assumptions regarding future events. However, no assurance can be given that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Sarcos makes no obligation and expressly disclaims any obligation to update, change, or otherwise revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Readers should carefully read the statements in the reports, which Rotor has filed or will file with the SEC from time to time. In addition to factors previously disclosed in Rotors reports filed with the SEC and identified in this press release, factors such as the following could cause actual results to differ materially from forward-looking statements or historical performance: to the inability of the parties to complete the potential business combination successfully or in a timely manner, including the risk that the required regulatory or shareholder approvals from Rotor will not be obtained, be delayed, or be subject to unanticipated circumstances that could adversely affect the combined business or the expected benefits of the proposed business combination; failure to realize the expected benefits of the potential business combination; Sarcos’ ability to execute its business strategy, develop new products and services, and improve existing products and services; the ability to respond quickly to emerging technology trends; ability to compete effectively and manage growth and costs; and other risks and uncertainties set forth in the section entitled “Risk Factors” and “Warning Regarding Forward-Looking Statements” in Rotors’ final proxy statement filed with the SEC on August 6, 2021 and other Rotor filings filed or yet to be filed , with SEC.

No offer or request

This press release does not constitute a request for any power of attorney, consent or authorization with respect to any securities or with respect to the proposed transaction. This press release does not constitute an offer to sell or a solicitation of an offer to purchase or a solicitation of voting or approval, nor will any sale of securities be made in any state or jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such other jurisdiction. No securities will be offered except by means of a prospectus that meets the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.

Rotor, Sarcos and certain of their respective directors and executive officers may be considered participants in the solicitation of proxies from Rotor’s shareholders in favor of the approval of the merger. Information about directors and executive officers of Rotors is included in the section of Rotors Form S-1 entitled “Management,” filed with the SEC on December 18, 2020. Additional information about the interests of those participants and other persons who may be deemed participants in the transaction may be obtained by reading the proxy statement and other relevant documents filed with the SEC as they become available. The documents filed with the SEC by Rotor may be obtained free of charge on the SEC’s website at: www.sec.gov. Alternatively, if available, these documents may be obtained free of charge from Rotor upon written request to Rotor Acquisition Corp., The Chrysler Building, 405 Lexington Avenue, New York, New York 10174.

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Contacts

Sarcos Robotics
Ben Mimmack
Director Investor Relations
(801) 419-0438
[email protected]
[email protected]

MZ Group
Chris Tyson
Executive Vice President
MZ Group MZ North America
(949) 491-8235
[email protected]