---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-119511"
form_type: "8-K"
ticker: "PDYN"
cik: "0001826681"
company_name: "Palladyne AI Corp."
filed_at: "2024-10-31T23:59:59+00:00"
generated_at: "2026-05-30T07:38:07.951771+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Palladyne AI prices $7M registered direct offering and concurrent private placements with insiders

## Summary
- Priced registered direct offering of 2.79M shares at $2.15 each, with warrants for 2.79M shares at $2.30.
- CEO and board members purchased 430K shares at $2.20 and warrants for 430K shares at $0.125 each.
- Total gross proceeds of approximately $7M from offerings; net proceeds for working capital and product development.
- Warrants become exercisable in 6 months and expire 5.5 years from issuance.
- Offering expected to close November 1, 2024; lock-up agreements for 60 days for executives/directors.

## SEC filing metadata
- accession: 0000950170-24-119511
- form_type: 8-K
- ticker: PDYN
- cik: 0001826681
- company_name: Palladyne AI Corp.
- filed_at: 2024-10-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826681/000095017024119511/0000950170-24-119511-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826681/000095017024119511/pdyn-20241031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-119511
- JSON: https://secwatch.observer/filing/0000950170-24-119511.json
- Plain text: https://secwatch.observer/filing/0000950170-24-119511.txt

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