secwatch.observer — SEC 8-K summary
======================================

Issuer:     Palladyne AI Corp. (PDYN)
CIK:        0001826681
Form:       8-K
Filed at:   2025-11-17T23:59:59+00:00
Accession:  0001193125-25-283918
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 3.02, 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826681/000119312525283918/0001193125-25-283918-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826681/000119312525283918/pdyn-20251114.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-283918

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