Sarcos Technology and Robotics renames to Palladyne AI; regains Nasdaq minimum bid compliance

Palladyne AI Corp.

Name changed to Palladyne AI Corp effective March 18, 2024; ticker changes to PDYN on April 8, 2024.
Defense business continues as Sarcos Defense; AI software focus 'brain over brawn'.
Regained compliance with Nasdaq $1.00 minimum bid price requirement; notice received March 11, 2024.
Stockholder vote not required; CUSIP numbers unchanged until ticker change.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Palladyne AI Corp.: Company changed name to Palladyne AI Corp. via a Certificate of Amendment to the Amended and Restated Certificate of Incorporation (effective 2024-03-18).

Change: charter amendment
Effective: 2024-03-18

Exact text from the filing

Effective March 18, 2024, Sarcos Technology and Robotics Corporation (the “Company”) changed its name to Palladyne AI Corp. (the “Name Change”).

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Palladyne AI Corp.: Board approved an amendment and restatement of the Company’s bylaws to reflect name change and remove expired lock-up provisions (effective 2024-03-18).

Change: bylaw amendment
Effective: 2024-03-18

Exact text from the filing

Additionally, effective March 18, 2024, the Board approved an amendment and restatement of the Company’s bylaws (the “Amended and Restated Bylaws”) to reflect the Name Change and to remove expired lock-up provisions.

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249 governance changes filed in the last 30 days. Browse all governance changes →

Palladyne AI Corp. filing history →

Source: SEC EDGAR

accession 0000950170-24-032876

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