Salt Lake City, UT
84101
Palladyne AI warrants are publicly traded on the Nasdaq under the ticker symbol “PDYNW.” Each whole warrant entitles the holder to purchase one share of PDYN common stock at a price of $11.50 per share, subject to adjustment, and only whole warrants are exercisable. The warrants became exercisable on January 20, 2022, the one-year anniversary of our predecessor Rotor’s IPO. The warrants will expire five years after completing the initial business combination between Rotor and Sarcos (now Palladyne AI Corp.), or earlier upon redemption or liquidation.
Palladyne AI has the ability to redeem outstanding warrants at any time after they become exercisable and prior to their expiration. The process by which the company may redeem its warrants is set out in the definitive proxy statement filed by Rotor with the SEC on August 6, 2021.
Continental Stock Transfer & Trust Company
1 State Street, 30th Floor
New York, NY 10004-1561
Phone: (212) 509-4000
cstmail@continentalstock.com
www.continentalstock.com
CIK: 0001826681
Tickers:
PDYN (common stock)
PDYNW (warrants)
CUSIP Numbers:
80359A 106 (Common stock)
80359A 114 (Warrants)
ISIN Numbers:
US80359A1060 (Common stock)
US80359A1144 (Warrants)