Sarcos Technology and Robotics (STRC) has provided an update.
Sarcos Technology and Robotics Corporation has rebranded as Palladyne AI Corp. effective March 18, 2024, following its Board of Directors’ approval and subsequent legal filings in Delaware. This change, which does not impact shareholder rights, comes alongside the Board’s update to the bylaws, removing outdated lock-up provisions. Despite the rebranding, the company’s ticker symbol remains “STRC” on Nasdaq, with no alterations to its common stock and public warrants’ CUSIP numbers. Additionally, the company announced it has regained compliance with Nasdaq’s minimum bid price requirement, ensuring its continued listing on the stock market.
For detailed information about STRC stock, go to TipRanks’ Stock Analysis page.
