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Reverse Recapitalization (Tables)
6 Months Ended
Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Number of Shares of Common Stock Outstanding Immediately following Business Combination The following table presents the number of shares of the Company’s Common Stock outstanding immediately following the the Business Combination:

 

 

 

Number of Shares

 

Rotor Class A Common Stock, outstanding prior to the Business Combination

 

 

27,600,000

 

Rotor Class B Common Stock, outstanding prior to the Business Combination

 

 

6,405,960

 

Class A common stock issued to PIPE Investors

 

 

22,000,000

 

Less: redemption of Rotor Common Stock

 

 

(23,479,970

)

Total shares from the Business Combination and PIPE financing

 

 

32,525,990

 

Recapitalization of Old Sarcos common stock into Class A common stock(1)

 

 

105,063,285

 

Total shares of Common Stock immediately after the Business Combination

 

 

137,589,275

 

(1) The number of Old Sarcos shares was determined from the 21,483,286 shares of Old Sarcos Common Stock warrants, Common Stock and Preferred Stock outstanding immediately prior to the closing of the Business Combination, which are presented net of the Common and Preferred Stock redeemed, converted at the Exchange Ratio of 5.129222424. This excludes a restricted stock award for 5,129,222 shares that was unvested as of the date of the Business Combination. All fractional shares were rounded down.