Financing ·
Parabolic raises $13.5M in public offering of units at $2.72, netting $5.5M
BNZIBanzai International, Inc.
Parabolic Technologies closed a firm commitment underwritten public offering on November 5, 2026, raising approximately $13.5 million in gross proceeds. The company sold 4,963,235 units at a price of $2.72 per unit, with each unit comprising one share or pre-funded warrant and two warrants exercisable at $6.80 per share. After deducting underwriting discounts and offering expenses, net proceeds were approximately $5.512 million. The company intends to use the funds for working capital, general corporate purposes, and repayment of indebtedness. Parabolic Technologies builds agentic applications that power the future of business.