secwatch.observer — SEC 8-K summary
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Issuer:     Palladyne AI Corp. (PDYN)
CIK:        0001826681
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0000950170-24-032876
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826681/000095017024032876/0000950170-24-032876-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826681/000095017024032876/strc-20240311.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-032876

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer