Business Context and Reporting Period
Palladyne AI Corp. filed a Current Report on Form 8-K dated April 8, 2024, under Items 7.01, 8.01, and 9.01(d). The filing reports the company’s corporate name change and corresponding Nasdaq ticker-symbol changes.
Key Financial Metrics and Capitalization
This filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other financial metrics. It states that the company’s common stock trades under ticker PDYN and its redeemable warrants, exercisable at $69.00 per share, trade under ticker PDYNW.
Material Changes Versus the Prior Comparable Period
- Effective at market open on April 8, 2024, the company’s trading symbols changed from STRC and STRCW to PDYN and PDYNW, respectively.
- The company changed its name to Palladyne AI Corp.
- The CUSIP numbers for the company’s securities did not change.
Guidance, Outlook, Risks, and Unusual Items
The filing provides no financial guidance, operating outlook, management forecast, new risk disclosures, contingencies, or unusual financial items. The ticker-symbol announcement was furnished under Regulation FD and is not deemed filed for purposes of Section 18 liability or incorporated by reference, except where expressly stated.
Investor Verification Checklist
- Verify that the Nasdaq ticker symbols became PDYN and PDYNW effective April 8, 2024.
- Confirm that there was no change to the securities’ CUSIP numbers.
- Review Exhibit 99.1, the April 8, 2024 press release, for the company’s announcement details.
- Use other SEC filings to assess financial performance, liquidity, capitalization, and business outlook, as this 8-K does not provide those data.