Palladyne AI Completes GuideTech and Crucis Acquisitions, Forms Palladyne Defense Division

Palladyne AI Corp.

Acquired GuideTech and three Crucis companies for ~$31M total consideration: $20M stock, $5M cash, $6M debt assumed.
Transactions expected to more than triple 2024 revenue of $7.8M in 2026; acquired businesses adjusted EBITDA positive in 2026.
Issued 2,672,013 shares of common stock to GuideTech Members; earnout up to $25M over 5 years after revenue exceeds $71M.
Approved restricted stock unit awards covering 5,360,659 shares to CEO and executives with stock price goals from $20 to $65.
Created Palladyne Defense division combining embodied AI, GuideTech avionics and Crucis manufacturing as a vertically integrated mid-tier prime.

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