S-1 · resale registration
Issued 2024
Proposed maximum
Shares registered
- Filed
- Effective
PDYN$3.26-2.54%
Palladyne AI Corp.
Sector: Services-Prepackaged SoftwareIndustry: Software - InfrastructureCountry: USExchange: Nasdaq
Mkt Cap:$160.81M
Float & O/S:
Inst Own:
DilutionScan read 50 of Palladyne AI Corp.'s SEC filings and found 3 warrant series, 1 ATM program, 4 shelf registrations, 2 S-1 registrations and 3 completed offerings on file for PDYN. The latest dilution event on file is ATM sales on Jun 30, 2026. Analysis updated Oct 31, 2026.
Signal8 Summary
PDYN
Nasdaq delisting filed amid cash burn
Snapshot
Palladyne AI is a small defense and robotics software company with FY 2025 revenue of just $5.2M, down 32.6% YoY, and an operating loss of $32.4M, far larger than revenue.
What's Happening Right Now
- : On Sep 28, 2026, Palladyne AI filed a Form 25-NSE with the SEC to remove its shares from Nasdaq listing, which typically pushes trading to less liquid OTC markets.
- : Palladyne AI and FANUC America announced a collaboration pairing FANUC's industrial robots with Palladyne's IQ software for manufacturing and logistics automation; no financial terms were disclosed.
- : Palladyne AI announced a collaboration with NORDA Dynamics to integrate its SwarmOS software with NORDA's combat-proven Underdog autonomy module for aerial targeting.
- : Q2 2026 revenue hit $5.8M (up 470% YoY), backlog rose 43% to $24.6M, and the company signed an exclusive IAI partnership, while reiterating full-year guidance of $24M-$27M revenue and $32M-$36M in operating cash burn.
- : The U.S. Air Force exercised a $2.9M option on Palladyne's STRATFI contract, bringing the total award value to $10.6M for its Palladyne IQ autonomy architecture.
Raise routes on file: active ATM + effective shelf + effective S-1 · latest dilution event 126 days ago
Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need
AI dilution summary
The dominant contractual driver and its mechanism, then each further driver ranked.
Latest dilution event
Jun 30, 2026 · ATM Sale
Every warrant, convertible, ATM and shelf, cited to the filing
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$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
Share count and cash history
Shares outstanding, potential dilution and cash over time
Effective
S-1 · primary offering
Issued 2020
Proposed maximum
Shares registered
- Filed
- Effective
Warrant
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Warrant
Issued 2024
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
2024 Private Placement Warrants (Investor Warrants)
Issued 2024
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
ATM program
Issued 2024
Total capacity
Sold to date
Remaining capacity
- Sales agent
- Agreement date
- Commission
S-3 shelf registration
Issued 2022
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
S-3 (S-1 converted via S-3/A) shelf registration
Issued 2024
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
S-3 shelf registration
Issued 2025
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
S-3 shelf registration
Issued 2026
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
ATM block sale
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
ATM block sale
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Offering
Issued 2025
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Know who's about to sell into your PDYN trade
Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
