Sarcos Technology and Robotics (STRC) has released an update.
Sarcos Technology and Robotics Company has decided to suspend its routine of holding quarterly earnings calls and publishing earnings press releases until it starts generating significant revenue or finds it necessary to resume these practices. Despite this change, the company will maintain compliance with its reporting duties as mandated by the Securities Exchange Act of 1934. This strategic move is forward-looking and contingent upon future financial success and other determining factors, acknowledging that these plans are subject to change based on evolving circumstances.
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