Palladyne AI Corp.

Palladyne AI Corp., traded on Nasdaq under ticker STRC, is the product of a 2021 de-SPAC transaction in which Rotor Acquisition Corp., sponsored by Rotor Sponsor LLC, merged with Sarcos Technology and Robotics Corporation, a developer of AI-powered robotic systems and industrial exoskeletons. Rotor Acquisition Corp. completed its blank check IPO in 2021, targeting the robotics and artificial intelligence sector. The Form 8-K filed on April 6, 2021 represents a current-report disclosure submitted during the SPAC's active deal phase ahead of the transaction's close. Sarcos subsequently rebranded to Palladyne AI Corp. following the combination. Sign up on SpacDesk for full filing histories, sponsor profiles, and deal analytics on STRC and hundreds of other SPAC transactions.