Financing ·
Patriot National Bancorp raises $5.5M via registered direct offering of shares and warrants at $1.15
PNBKPatriot National Bancorp Inc
Patriot National Bancorp, Inc. entered into a securities purchase agreement on September 23, 2026, to conduct a registered direct offering of 4,782,608 shares of voting common stock and 956,522 five-year warrants at $1.15 per share. The company expects net proceeds of approximately $5.5 million after estimated expenses of $350,000. Each warrant allows the purchase of non-voting common stock at an exercise price of $1.25 per share, exercisable no earlier than six months post-closing. Proceeds will be invested in its bank subsidiary for general corporate purposes. Patriot National Bancorp operates as a financial holding company providing banking services through its wholly-owned subsidiary.