Patriot National Bancorp Inc. announced a stock purchase agreement with accredited investors to issue and sell 31,985,103 shares of its common stock in a registered direct offering. The deal, dated August 29, 2025, includes both voting and non-voting shares and is expected to raise approximately $25.6 million, prior to expenses. The proceeds will be used for general corporate purposes. The offering is set to close around September 3, 2025, with no underwriter or placement agent involved.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Patriot National Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-028159), on September 02, 2025, and is solely responsible for the information contained therein.