On January 3, 2017, Sarcos Corp. closed the transaction. The company amended the terms of the transaction.

The company received $15,625,000 in its second tranche of series A round of funding. The company received $26,198,512 in funding so far in the transaction. The second tranche also involved participation from new investor Schlumberger Limited (NYSE:SLB).

Pursuant to the transaction Ashok Belani of Schlumberger Limited (NYSE:SLB) joined the board of directors. The company has received $15,723,503 from 10 investors pursuant to exemption provided under regulation D.