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    Palladyne AI Corp. filed SEC Form 8-K: Regulation FD Disclosure, Other Events, Financial Statements and Exhibits

    4/8/24 4:38:17 PM ET
    $STRC
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    8-K
    false000182668100018266812024-04-082024-04-080001826681us-gaap:CommonStockMember2024-04-082024-04-080001826681pdyn:RedeemableWarrantMember2024-04-082024-04-08

     

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C. 20549

     

    FORM 8-K

     

    CURRENT REPORT

    Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported): April 08, 2024

     

     

    Palladyne AI Corp.

    (Exact name of Registrant as Specified in Its Charter)

     

     

    Delaware

    001-39897

    85-2838301

    (State or Other Jurisdiction
    of Incorporation)

    (Commission File Number)

    (IRS Employer
    Identification No.)

     

     

     

     

     

    650 South 500 West, Suite 150

     

    Salt Lake City, Utah

     

    84101

    (Address of Principal Executive Offices)

     

    (Zip Code)

     

    Registrant’s Telephone Number, Including Area Code: (888) 927-7296

     

     

    (Former Name or Former Address, if Changed Since Last Report)

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

    ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Securities registered pursuant to Section 12(b) of the Act:


    Title of each class

     

    Trading
    Symbol(s)

     


    Name of each exchange on which registered

    Common Stock, par value $0.0001 per share

     

    PDYN

     

    The Nasdaq Stock Market LLC

    Redeemable warrants, exercisable for shares of Common Stock at an exercise price of $69.00 per share

     

    PDYNW

     

    The Nasdaq Stock Market LLC

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

    Emerging growth company ☒

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     


    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.

    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.

    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

     


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