- Patriot National Bancorp, Inc. entered into agreements on **August 29, 2025**, for a registered direct offering of **31,985,103** shares of common stock and warrants.  **[1098146_0001437749-25-028159_pnbk20250902_8k.htm:0]** **[1098146_0001437749-25-028159_pnbk20250902_8k.htm:1]** 
- The offering includes **19,196,000** shares of voting common stock and **12,789,103** shares of non-voting common stock that will be issuable upon exercise of three-year warrants.  **[1098146_0001437749-25-028159_pnbk20250902_8k.htm:1]** 
- Shares are being sold at **$1.25 per share**, and warrants at **$0.125 per Warrant Share**, with an exercise price of **$1.56 per Warrant Share**.  **[1098146_0001437749-25-028159_ex_858523.htm:0]** **[1098146_0001437749-25-028159_pnbk20250902_8k.htm:1]** 
- The company expects to receive approximately **$25.6 million** in gross proceeds from the offering, which will be used for general corporate purposes including capital expenditures, working capital, and debt repayment.  **[1098146_0001437749-25-028159_pnbk20250902_8k.htm:1]** **[1098146_0001437749-25-028159_ex_858523.htm:11]** 
- The closing of the offering is anticipated on or about **September 3, 2025**.  **[1098146_0001437749-25-028159_pnbk20250902_8k.htm:1]**

PATRIOT NATIONAL BANCORP (PNBK)