Palladyne Ai Corp. (PDYN) has disclosed a new risk, in the Share Price & Shareholder Rights category.
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The issuance of the 2024 Warrants by Palladyne Ai Corp., allowing holders to purchase up to 3,220,805 shares of common stock at $2.30 per share, poses a significant risk of dilution to existing shareholders. As these warrants are exercised, the increased number of shares available for resale in the public market could lead to a substantial decline in the market price of Palladyne Ai Corp.’s common stock. This potential downtrend in stock value could adversely impact investor confidence and the overall financial stability of Palladyne Ai Corp. The influx of additional shares might also affect the pricing and trading dynamics of the company’s deSPAC Public Warrants.
The average PDYN stock price target is $15.00, implying 87.50% upside potential.
To learn more about Palladyne Ai Corp.’s risk factors, click here.