---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-016149"
form_type: "8-K"
ticker: "PDYN"
cik: "0001826681"
company_name: "Palladyne AI Corp."
filed_at: "2022-04-27T23:59:59+00:00"
generated_at: "2026-06-26T04:12:43.498103+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sarcos closes $100M acquisition of RE2; adds robotic products and appoints COO

## Summary
- Total consideration $100M ($30M cash + ~14M shares); dilutes existing holders by ~5.7%.
- Acquires RE2's Sapien arms, Detect vision, Intellect autonomy; adds aviation, construction, medical markets.
- Jorgen Pederson, RE2 founder, appointed COO; receives $325k base salary and $3M RSUs.
- Bylaws amended to allow earlier release of 80% lock-up on restricted shares upon sale of 20 commercial units or by Sep 2023.
- Deal nearly doubles engineering team and adds Pittsburgh location; expects earlier revenue from Sapien products.

## SEC filing metadata
- accession: 0001564590-22-016149
- form_type: 8-K
- ticker: PDYN
- cik: 0001826681
- company_name: Palladyne AI Corp.
- filed_at: 2022-04-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 8.01, 3.03, 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826681/000156459022016149/0001564590-22-016149-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826681/000156459022016149/strc-8k_20220422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-016149
- JSON: https://secwatch.observer/filing/0001564590-22-016149.json
- Plain text: https://secwatch.observer/filing/0001564590-22-016149.txt

## Key facts
- Executive change
  Jorgen Pederson was appointed as Chief Operating Officer at Palladyne AI Corp..
  - Action: appointed
  - Role: Chief Operating Officer
  source text: On April 22, 2022 our board of directors approved the appointment of Jorgen Pederson as Chief Operating Officer, effective upon the second merger described in Item 8.01 below in connection with the closing of the acquisition of RE2, Inc. (“RE2”), which occurred on April 25, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826681/000156459022016149/0001564590-22-016149-index.htm

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