Palladyne AI Corp. Files 8-K
Ticker: PDYNW · Form: 8-K · Filed: Apr 8, 2024 · CIK: 1826681
| Field | Detail |
|---|---|
| Company | Palladyne Ai Corp. (PDYNW) |
| Form Type | 8-K |
| Filed Date | Apr 8, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $69.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, disclosure, corporate-actions
TL;DR
Palladyne AI Corp. (formerly Sarcos) filed an 8-K on 4/8/24 with updates.
AI Summary
Palladyne AI Corp. filed an 8-K on April 8, 2024, reporting on various events. The filing includes information related to Regulation FD disclosures, other events, and financial statements and exhibits. The company was formerly known as Sarcos Technology & Robotics Corp. and Rotor Acquisition Corp.
Why It Matters
This 8-K filing provides important updates and disclosures from Palladyne AI Corp. to investors and the public.
Risk Assessment
Risk Level: low — This filing is a routine disclosure and does not appear to contain significant negative news or events.
Key Players & Entities
- Palladyne AI Corp. (company) — Registrant
- Sarcos Technology & Robotics Corp. (company) — Former company name
- Rotor Acquisition Corp. (company) — Former company name
- April 08, 2024 (date) — Date of earliest event reported
FAQ
What is the primary purpose of this 8-K filing for Palladyne AI Corp.?
The 8-K filing serves as a current report pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934, covering Regulation FD disclosures, other events, and financial statements and exhibits.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on April 08, 2024.
What were the previous names of Palladyne AI Corp.?
Palladyne AI Corp. was formerly known as Sarcos Technology & Robotics Corp. and Rotor Acquisition Corp.
In which state was Palladyne AI Corp. incorporated?
Palladyne AI Corp. was incorporated in Delaware.
What is the business address and phone number listed for Palladyne AI Corp.?
The business address is 650 SOUTH 500 WEST, SALT LAKE CITY, UT 84101, and the business phone number is 888-927-7296.
Filing Stats: 657 words · 3 min read · ~2 pages · Grade level 10.4 · Accepted 2024-04-08 16:38:17
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share PDYN The Nasdaq Stock Mar
- $69.00 — of Common Stock at an exercise price of $69.00 per share PDYNW The Nasdaq Stock Ma
Filing Documents
- pdyn-20240408.htm (8-K) — 43KB
- pdyn-ex99_1.htm (EX-99.1) — 16KB
- 0000950170-24-042643.txt ( ) — 205KB
- pdyn-20240408.xsd (EX-101.SCH) — 44KB
- pdyn-20240408_htm.xml (XML) — 6KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On March 18, 2024, Palladyne AI Corp. (the "Company") issued a press release announcing that the Company had changed its name to Palladyne AI Corp. and that effective April 8, 2024, the Company's ticker symbols would change from "STRC" and "STRCW" to "PDYN" and "PDYNW" on the Nasdaq Stock Market LLC ("Nasdaq"). Effective as of market open on April 8, 2024, the Company's securities began trading on Nasdaq under the new ticker symbols. On April 8, 2024, the Company issued a press release announcing the change in ticker symbols. A copy of the press release is being furnished as Exhibit 99.1 to this Report on Form 8-K. The information in Item 7.01 of this Current Report on Form 8-K and Exhibit 99.1 attached hereto is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, nor shall such information be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, regardless of the general incorporation language of such filing, except as shall be expressly set forth by specific reference in such filing.
01. Other Events
Item 8.01. Other Events. Effective as of the open of market on April 8, 2024, the Company's securities began trading on Nasdaq under the new ticker symbols "PDYN" and "PDYNW." There will be no change to the CUSIP number for the Company's securities.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press release dated April 8, 2024 104 Cover Page Interactive Data File (formatted as Inline XBRL) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Palladyne AI Corp. Dated: April 8, 2024 By: /s/ Stephen Sonne Name: Title: Stephen Sonne Chief Legal Officer & Secretary