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Sarcos Technology and Robotics (STRC) - 2024 Q4 - Annual Results

Financial Results - Palladyne AI Corp. reported financial results for the year ended December 31, 2024, with significant updates to be detailed in the press release dated February 20, 2025[7]. - The press release includes key financial metrics, which are expected to reflect the company's performance and growth strategies[7]. - The financial results and strategic outlook will be further elaborated in the attached press release, which is considered material information[7]. Company Classification and Regulatory Environment - The company is classified as an emerging growth company under the Securities Act of 1933, indicating it may benefit from reduced regulatory requirements[5]. Communication and Investor Relations - Palladyne AI Corp. utilizes multiple communication channels, including SEC filings and social media, to disseminate material information to investors and the public[8]. - The company has a dedicated investor relations website to facilitate communication and provide updates on financial performance and strategic initiatives[8]. - The company emphasizes the importance of reviewing publicly available information for insights into its operations and future plans[8]. Market Activity - The trading symbol for Palladyne AI Corp. is PDYN, and it is listed on The Nasdaq Stock Market LLC[5]. - The company has issued redeemable warrants, exercisable for shares of common stock at an exercise price of $69.00 per share[5]. Product Development and Market Expansion - The company is actively engaged in product development and market expansion, although specific details will be provided in the forthcoming press release[7].