---
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"
generated_at: "2026-06-13T21:40:40.158330+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Sarcos announces 1-for-6 reverse stock split to comply with Nasdaq minimum bid price

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-028943
- JSON: https://secwatch.observer/filing/0000950170-23-028943.json
- Plain text: https://secwatch.observer/filing/0000950170-23-028943.txt

## Key facts
- Governance Changes
  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).
  - Change: charter amendment
  - Effective: 2023-06-20
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1826681/000095017023028943/0000950170-23-028943-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.