Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of February, 2024

Commission File Number 001-41749

PIXIE DUST TECHNOLOGIES, INC.

(Translation of registrant’s name into English)

Pixie Dust Technologies, Inc.

2-2-1 Yaesu, Chuo-ku
Tokyo, 104-0028, Japan

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

☒ Form 20-F ☐ Form 40-F

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Issuance of Press Release

On February 2, 2024, Pixie Dust Technologies, Inc. (the “Company”) issued a press release announcing that a recent study conducted by the Company, the University of Electro-Communications, Nara Medical University, and Shionogi & Co., Ltd. suggested that the Company’s sound stimulation technology could synchronize gamma waves in the human brain.

The press release furnished in this report as Exhibit 99.1 shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, as amended, except to the extent specifically provided in such a filing.

EXHIBIT INDEX

Exhibit No.		Description
99.1		Press release of the Company, dated February 2, 2024.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: February 2, 2024	Pixie Dust Technologies, Inc.

	By:	/s/ Yoichi Ochiai
		Name:	Yoichi Ochiai
		Title:	Chief Executive Officer

Exhibit 99.1

Academic Report by Pixie Dust Technologies, Inc. Showcases Applicability of Gamma Wave Sound

New York, New York and Tokyo, Japan, February 2, 2024 – Pixie Dust Technologies, Inc. (Nasdaq: PXDT) (the “Company”), a Japanese technology company that focuses on commercializing innovative products and materials utilizing proprietary wave control technology, today announced that a recent study suggests that its unique sound stimulation technology could synchronize gamma waves in the human brain, even among older people.

This study, a collaboration with the University of Electro-Communications, a National University Corporation, Nara Medical University, and Shionogi & Co., Ltd., a pharmaceutical company in Japan, was reported at the Auditory Research Meeting Sponsored by the Technical Committee of Psychological and Physiological Acoustics, which was put on by the Acoustical Society of Japan in January 2024.

The study utilized audio from television news and music programs, separating voices from background. The background sound was amplitude-modulated at 40 Hz - a novel technique patented in Japan by the Company that is designed to synchronize gamma waves in the brain without compromising speech clarity. Participants in the study included both older people (nine individuals with an average age of 66.1±4.6) and younger people (eight individuals with an average age of 22.4±1.7). The study found that both age groups showed statistically significant synchronization of 40 Hz brain waves (gamma waves) with all modulated sounds, with no notable difference in the degree of brainwave synchronization between the two groups.

“This study’s findings are significant in confirming that Gamma Wave Sound can synchronize brain waves in both young and older individuals,” commented Chief Research Officer of the Company, Takayuki Hoshi. "We aim to further our research on Gamma Wave Sound and contribute to dementia prevention strategies."

Forward-Looking Statements

Certain statements contained in this press release are "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the Company's current expectations or beliefs concerning future events and actual events may differ materially from current expectations. Any such forward-looking statements are subject to various risks and uncertainties, including the strength of the economy, changes to the market for securities, political or financial instability and other factors which are set forth in the Company's Annual Report on Form 20-F for the year ended April 30, 2023 (File No. 001-41749) filed with the SEC, and in all filings with the SEC made by the Company subsequent to the filing thereof. The Company does not undertake to publicly update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

About Pixie Dust Technologies, Inc.

Pixie Dust Technologies, Inc. is a Japanese technology company that focuses on commercializing innovative products and materials utilizing proprietary wave technology. The Company is currently focusing on two areas of product development: (1) "Personal Care & Diversity" - where wave control technology is applied to mechanobiology and intervention/assistance in vision, hearing, and touch; and (2) "Workspace & Digital Transformation" - where metamaterials (technology that creates properties through structure rather than material) and solutions to commercial design problems, such as in offices or construction sites, are applied.

Pixie Dust Technologies Investor Relations Contact:

Email: PXDT_IR@pixiedusttech.com

Gateway Group, Inc.

John Yi and Steven Shinmachi

Email: pixie@gateway-grp.com