{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-028943","form_type":"8-K","ticker":"PDYN","cik":"0001826681","company_name":"Palladyne AI Corp.","filed_at":"2023-06-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.928450+00:00","generated_at":"2026-06-13T21:40:40.158330+00:00","sec_items":["3.03","5.03","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Sarcos announces 1-for-6 reverse stock split to comply with Nasdaq minimum bid price","bullets":["Reverse stock split ratio 1-for-6, effective July 5, 2023 at 4:01 p.m. ET.","Authorized shares reduced from 990M to 165M; par value unchanged at $0.0001.","Trading on post-split basis begins July 6, 2023 under same ticker STRC.","Split intended to meet Nasdaq $1.00 minimum bid price requirement for continued listing.","Proportionate adjustments to warrants, options, RSUs; fractional shares paid in cash."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-028943","json":"https://secwatch.observer/filing/0000950170-23-028943.json","markdown":"https://secwatch.observer/filing/0000950170-23-028943.md","text":"https://secwatch.observer/filing/0000950170-23-028943.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1826681/000095017023028943/0000950170-23-028943-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1826681/000095017023028943/strc-20230620.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T21:40:40.158330+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7c5a63f18edd89e30157e9f232090b63cc86a947","claim":"Palladyne AI Corp.: Certificate of Amendment to effect 1-for-6 reverse stock split and reduce authorized common shares from 990,000,000 to 165,000,000 (effective 2023-06-20).","evidence_excerpt":"On June 20, 2023, Sarcos Technology and Robotics Corporation (the “Company”) filed a certificate of amendment to the Company’s Amended and Restated Certificate of Incorporation (the “Certificate of Amendment”), with the Secretary of State of the State of Delaware to effect a 1-for-6 reverse stock split of the shares of the Company’s common stock, par value $0.0001 per share, effective as of 4:01 p.m., Eastern Time, on July 5, 2023","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1826681/000095017023028943/0000950170-23-028943-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-06-20"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}