Palladyne Ai Corp - To Issue Warrants For 2790,700 Shares At $2.30 Per Share

Oct 8 (Reuters) - Palladyne AI Corp PDYN.O:

• PALLADYNE AI CORP. SUCCESSFULLY COMPLETES FIRST PHASE OF MULTI-MILLION-DOLLAR U.S. AIR FORCE CONTRACT

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Further company coverage: PDYN.O

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NEW YORK, NY / ACCESSWIRE / September 9, 2024 / The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who own Palladyne AI Corp. ("PDYN" or the "Company") (NASDAQ:PDYN) stock purchased prior to September 10, 2021.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of Rotor Acquisition Corp. (ROT) by Sarcos Corp. (STRC).

To learn more about the action and your rights, go to:

https://zlk.com/mna2/palladyne-ai-corp-lawsuit-submission-form?prid=87&wire=1

or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or call (212) 363-7500 to speak to our team of experienced shareholder advocates.

The PDYN merger investigation concerns whether the board of Pallandyne AI have harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.

Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington, D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. Ed Korsinsky, Esq. 33 Whitehall Street, 17th Floor New York, NY 10004jlevi@levikorsinsky.com Tel: (212) 363-7500 Fax: (212) 363-7171https://zlk.com/

SOURCE: Levi & Korsinsky, LLP