Short answer
PATRIOT NATIONAL BANCORP INC (PNBK) filed an 8-K current report with the SEC on September 24, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement). $5.5M gross capital raise through 4,782,608 voting shares at $1.15 each.
PATRIOT NATIONAL BANCORP INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $5.5M gross capital raise through 4,782,608 voting shares at $1.15 each
- $350,000 estimated offering expenses, implying approximately $5.15M in net proceeds
- 956,522 five-year warrants exercisable after six months at $1.25 per share
- Proceeds directed to Patriot Bank NA capital investment and general corporate needs
- Share issuance creates dilution, while warrants could provide additional future capital and dilution
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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