secwatch.observer — SEC 8-K summary
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Issuer:     Palladyne AI Corp. (PDYN)
CIK:        0001826681
Form:       8-K
Filed at:   2024-12-31T23:59:59+00:00
Accession:  0000950170-24-141642
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Palladyne AI reports ~$40M cash as of Dec 31, files for $30M ATM equity offering
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- Cash and cash equivalents approximately $40M as of Dec 31, 2024, including $23.3M net proceeds from equity financings.
- Sold 3,680,543 shares for ~$18M gross proceeds under November ATM supplement through Dec 27, 2024.
- Filed December Prospectus Supplement on Dec 31, 2024 for up to $30M of common stock via Jefferies ATM program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826681/000095017024141642/0000950170-24-141642-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826681/000095017024141642/pdyn-20241231.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-141642

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