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Palladyne AI Corp. 8-K Report: Key Insights on Common Stock & Redeemable Warrants

$PDYN
Form 8-K
Filed on: 2025-02-19
Source
Palladyne AI Corp. 8-K Report: Key Insights on Common Stock & Redeemable Warrants

Based on the provided financial report section, here are the key insights and important information extracted:

  1. Entity Information:
  • Company Name: Palladyne AI Corp.
  • CIK: 0001826681
  • IRS Employer Identification Number: 85-2838301
  • Address: 650 South 500 West, Suite 150, Salt Lake City, UT 84101
  • Contact Number: (888) 927-7296
  • Exchange Listings:
    • Common Stock (Ticker: PDYN, NASDAQ)
    • Redeemable Warrants (Ticker: PDYNW, NASDAQ)
  1. Securities Information:
  • Common Stock:
    • Par Value: $0.0001 per share
  • Redeemable Warrants:
    • Exercise Price: $69.00 per share
    • Exercise is for shares of Common Stock.
  1. Reporting Period:
  • Report Date: February 17, 2025
  • The report appears to cover transactions or events occurring on this specific date.
  1. XBRL Contexts:
  • Multiple contexts are used, indicating different classifications of stock (Redeemable Warrants and Common Stock) under the US GAAP framework.
  1. Regulatory Filings:
  • The report is identified as an 8-K filing, which typically discloses unscheduled material events or corporate changes.
  1. Financial Structure:
  • The existence of redeemable warrants indicates a layer of financing that may affect the company’s capital structure and cash flow upon exercise.

In summary, Palladyne AI Corp. is listed on NASDAQ with both common stock and redeemable warrants. The redeemable warrants present an opportunity for investors to purchase common stock at a specified price, which may offer insights into the company's financial strategy and capital raising efforts. The report is part of their regulatory compliance under SEC guidelines, specifically an 8-K filing related to events on February 17, 2025.