secwatch.observer — SEC 8-K summary
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Issuer:     Palladyne AI Corp. (PDYN)
CIK:        0001826681
Form:       8-K
Filed at:   2023-01-27T23:59:59+00:00
Accession:  0000950170-23-001313
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Sarcos Technology receives Nasdaq delisting notice for bid price below $1.00 for 30 consecutive days
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- Received Nasdaq notice on Jan 23, 2023 for non-compliance with $1.00 minimum bid price requirement.
- Has 180 days until July 22, 2023 to regain compliance by closing at $1.00 for 10 consecutive business days.
- May consider a reverse stock split or transfer to Nasdaq Capital Market to obtain an additional 180-day compliance period.
- No immediate effect on listing; company intends to monitor and evaluate available options.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826681/000095017023001313/0000950170-23-001313-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826681/000095017023001313/strc-20230123.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-001313

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