Palladyne AI Corp.
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
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Jun 30, 2025 · Filed Aug 6, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Salesof Equity Securities and Use of Proceeds.
(a)
As disclosed on a Current Report on Form 8-K filed with the SEC on October 31, 2024, we conducted a private placement with an accredited investor pursuant to which we issued 2024 Warrants to purchase up to 2,790,700 shares of our Common Stock. On May 9, 2025, the investor cash exercised such 2024 Warrants in full and an exercise price of $2.30 per share or $6,418,610 in the aggregate. In connection with the cash exercise, on May 12, 2025, we issued an aggregate of 2,790,700 shares of Common Stock (“Warrant Shares”). The Warrant Shares were issued without registration under the Securities Act in reliance on the exemptions provided by Section 4(a)(2) of the Securities Act as transactions not involving a public offering.
(b)
None.
(c)
None.
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