Palladyne AI Corp.

Palladyne AI Corp., trading under ticker STRC, is the operating company that emerged from the 2021 SPAC merger between Rotor Acquisition Corp. and Sarcos Technology and Robotics Corporation, with Rotor Sponsor LLC serving as the blank-check vehicle's sponsor. The SPAC completed its IPO in 2021, targeting the robotics and industrial AI sector. Sarcos, known for its industrial exoskeleton and robotic systems technology, became a publicly traded entity following the de-SPAC transaction, which closed later that year. The August 2021 Form 10-Q filing, assigned accession number 0001213900-21-042942, represents a quarterly disclosure during the company's early post-merger public lifecycle. The company subsequently rebranded to Palladyne AI Corp., reflecting a strategic pivot toward AI-driven autonomy solutions. Sign up for SpacDesk to access the full filing history, merger timeline, and financial data for STRC and hundreds of other SPAC transactions.