Palladyne AI Corp. (PDYN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 05, 2026

Risk Assessment Details

Potential Dilution: 56.39% of current shares
Recent Dilution: 60.75% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
45M
Potential Supply
25M
Additional shares possible
Splits
None
Past 2 years

Summary

PDYN currently has 45.1M outstanding shares. with significant dilution risk as 25.4M authorized shares could dilute existing holders by 56.4%. The company has significantly diluted shareholders by 60.75% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 05, 2026

10-Q filing | 45.1M shares outstanding

45M 25M
Jan 09, 2026

S-3 filing: This is an S-3 filing to register 8,365,446 shares of common stock for resale by selling stockholders.

40M 25M
Nov 17, 2025

8-K filing: Palladyne AI Corp. issued 2,672,013 shares of common stock in connection with the GuideTech Merger Agreement. ($20.0M proceeds)

40M 17M
Aug 06, 2025

S-3 filing: Palladyne AI Corp. may issue securities from time to time in one or more offerings, in amounts, at prices and on terms determined at the time of offering for up to $150,000,000 including common stock, preferred stock, debt securities, depositary shares, subscription rights, and purchase contracts.

40M 17M
Aug 06, 2025

10-Q filing | 41.9M shares outstanding

42M 11M
May 07, 2025

10-Q filing | 35.3M shares outstanding

35M 11M
Feb 20, 2025

10-K filing | 35.2M shares outstanding

35M 11M
Dec 31, 2024

8-K filing: The Company sold 3,680,543 shares of its common stock for gross proceeds of approximately $18.0 million through an at-the-market offering as of December 27, 2024. ($18.0M proceeds)

30M 11M
Dec 18, 2024

S-3/A filing: This is an S-3/A filing. It discusses expenses of issuance and distribution, indemnification of officers and directors, and October 2024 private placements.

30M 11M
Nov 20, 2024

S-1 filing: This S-1 filing outlines a proposed registered offering of common stock and concurrent private placements of common stock and warrants. It also discusses indemnification of officers and directors, risk factors, and forward-looking statements.

30M 11M
Nov 13, 2024

10-Q filing | 30.1M shares outstanding

30M 5M
Oct 31, 2024

8-K filing: Palladyne AI Corp. entered into a Securities Purchase Agreement to issue and sell 2,790,700 shares of common stock at $2.15 per share in a registered offering, and conducted concurrent private placements of common stock and warrants with an accredited investor and insiders, expecting to receive $7 million in gross proceeds. ($7.0M proceeds)

27M 5M
Aug 07, 2024

10-Q filing | 26.6M shares outstanding

27M 5M
May 08, 2024

10-Q filing | 25.9M shares outstanding

26M 5M
Apr 22, 2024

8-K filing: Palladyne AI Corp. amended certain stock options under its 2021 and 2015 Equity Incentive Plans, reducing the exercise price to $1.59 for a total of 753,551 shares held by employees and senior employees, and restarting the vesting schedule for 225,670 shares held by seven senior employees.

26M 5M
Feb 28, 2024

10-K filing | 25.6M shares outstanding

26M 5M
Jan 09, 2024

8-K filing: Executive officers were awarded cash bonuses and RSUs subject to continued service until December 31, 2024. The target annual bonus levels for certain executive officers were also changed.

26M 5M
Nov 14, 2023

10-Q filing | 25.7M shares outstanding

26M 5M
Aug 09, 2023

10-Q filing | 25.5M shares outstanding

26M 5M
Jul 05, 2023
Stock Split

8-K filing: Stock split 1-for-6 | Outstanding: 152,827,729 → 25,471,288

25M 5M
May 10, 2023

10-Q filing | 152.8M shares outstanding

150M 30M
Mar 16, 2023

10-K filing | 146.8M shares outstanding

150M 30M
Nov 15, 2022

S-3 filing: Sarcos Technology and Robotics Corporation files an S-3 form for a mixed shelf offering of Common Stock, Preferred Stock, Debt Securities, Depositary Shares, Subscription Rights, and Purchase Contracts with an aggregate offering price not to exceed $150,000,000.

150M 30M
Nov 15, 2022

POS AM filing: This is a POS AM filing for Sarcos Technology and Robotics Corporation, covering the issuance and resale of common stock and warrants, with details on shares outstanding, use of proceeds, dividend policy, and risk factors.

150M 30M
Nov 15, 2022

POS AM filing: This POS AM filing relates to the offer and sale of 10,290,810 shares of Common Stock by selling securityholders, initially registered in a previous registration statement, with no new shares being registered hereunder.

150M 30M
Nov 08, 2022

10-Q filing | 150.9M shares outstanding

150M 41M
Aug 09, 2022

10-Q filing | 154.8M shares outstanding

150M 41M
May 13, 2022

S-1 filing: This S-1 filing relates to the resale of 10,772,674 shares of common stock by selling securityholders; the company will not receive any proceeds from the sale of these shares.

150M 41M
May 11, 2022

10-Q filing | 153.8M shares outstanding

150M 30M
Mar 29, 2022

10-K filing | 142.9M shares outstanding

140M 30M
Mar 29, 2022

POS AM filing: This is a POS AM filing for Sarcos Technology and Robotics Corporation, detailing the offering of common stock issuable upon the exercise of warrants and common stock offered by selling securityholders, as well as warrants offered by selling securityholders.

140M 30M
Nov 09, 2021

10-Q filing | 142.8M shares outstanding

140M 180M
Oct 15, 2021

S-1 filing: This S-1 filing pertains to the registration of common stock and warrants for sale by selling securityholders. The company will not receive any proceeds from the sale of these securities, except potentially from the exercise of warrants. Certain selling securityholders are subject to lock-up restrictions on a portion of the shares.

28M 180M
Aug 16, 2021

10-Q filing | 27.6M shares outstanding

28M 30M
May 25, 2021

10-Q filing | 27.6M shares outstanding

28M 30M
Apr 06, 2021

8-K filing: Rotor Acquisition Corp. entered into a merger agreement with Sarcos Corp., where Sarcos equity holders will receive 120,000,000 shares of Rotor's common stock, potentially increasing by up to 5,000,000 shares based on a Pre-Closing Financing; concurrently, Rotor entered into subscription agreements for a PIPE financing, selling 22,000,000 shares of common stock at $10.00 per share. ($220.0M proceeds)

28M 30M
Mar 31, 2021

10-K filing | 27.6M shares outstanding

28M 30M
Mar 01, 2021

10-Q filing | 27.6M shares outstanding

28M 30M
Jan 26, 2021

8-K filing: Rotor Acquisition Corp. consummated an initial public offering of 27,600,000 units at $10.00 per unit, generating gross proceeds of $276,000,000, and a private placement of 7,270,000 warrants at $1.00 per warrant, generating total proceeds of $7,270,000. ($283.27M proceeds)

N/A 30M
Jan 07, 2021

S-1/A filing: This S-1/A filing registers 20,000,000 units at $10.00 per unit, each unit consisting of one Class A common stock and one-half of one redeemable warrant.

N/A 30M
Dec 30, 2020

S-1/A filing: The filing is an S-1/A amendment related to an offering of 20,000,000 units at $10.00 per unit, each unit consisting of one Class A common stock and one-half of one redeemable warrant.

N/A 20M
Dec 18, 2020

S-1 filing: The offering consists of 20,000,000 units at $10.00 per unit, each unit consisting of one Class A common stock and one-half of one redeemable warrant.

N/A 20M
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