Press release
Investigation announced for Investors in shares of Palladyne AI Corp. (NASDAQ: PDYN) over potential Wrongdoing
An investigation on behalf of investors in Palladyne AI Corp. (NASDAQ: PDYN) shares over potential wrongdoing at Palladyne AI Corp
Investors who purchased shares of Palladyne AI Corp. (NASDAQ: PDYN) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Palladyne AI Corp. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Salt Lake City, UT based Palladyne AI Corp., a software company, focuses on delivering software that enhances the utility and functionality of third-party stationary and mobile robotic systems in the United States. Palladyne AI Corp. reported that its annual Total Revenue declined from $14.56 million in 2022 to $6.14 million in 2023, and that its Net Loss declined from $157.13 million in 2022 to $115.59 million in 2023.
Shares of Palladyne AI Corp. (NASDAQ: PDYN) declined from $2.35 per share on March 22, 2024, to $1.26 per share on May 09, 2024.
Those who purchased shares of Palladyne AI Corp. (NASDAQ: PDYN) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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