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Palladyne AI Corp. ("Palladyne AI" and formerly Sarcos Technology and Robotics Corporation) (NASDAQ:PDYN, NASDAQ:STRC) today announced that effective as of the market open today, April 8, 2024, the Company's ticker symbols have changed from Nasdaq: STRC and STRCW to Nasdaq: PDYN and PDYNW. The Company's intent to adopt the new ticker symbols was previously announced on March 18, 2024 when it announced its name change to Palladyne AI Corp. from Sarcos Technology and Robotics Corporation.
"The updated PDYN ticker symbol is the latest step as part of our pivot to focus our business on our novel AI software platform that is intended to enable stationary and mobile robots to perform tasks that previously couldn't be automated or that required human intervention," said Ben Wolff, President and CEO. "Our Edge AI software platform enables robots to reason in a manner similar to humans, using far less training time, data and power than today's state-of-the-art deep learning methods, while learning and performing complex tasks that incorporate variations in the environment and objects being manipulated."
No action by the company's stockholders is required with respect to the ticker symbol change. There is no change to the number of outstanding shares or the number of shares or warrants held by individual stockholders as a result of the ticker symbol changes. The company's CUSIP number will remain unchanged.
