secwatch.observer — SEC 8-K summary
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Issuer:     Palladyne AI Corp. (PDYN)
CIK:        0001826681
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0000950170-23-055984
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Sarcos receives Nasdaq delisting notice for bid price below $1.00
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- Received Nasdaq notice on Oct 24, 2023 for failing minimum bid price of $1.00 for 30 consecutive business days.
- Has 180 calendar days, until April 22, 2024, to regain compliance by closing bid at $1.00 for 10 consecutive days.
- If not compliant, may transfer to Nasdaq Capital Market for additional 180-day period, subject to meeting other listing standards.
- Company considering options including reverse stock split; no assurance of regaining compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826681/000095017023055984/0000950170-23-055984-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826681/000095017023055984/strc-20231024.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-055984

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