secwatch.observer — SEC 8-K summary
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Issuer:     PATRIOT NATIONAL BANCORP INC (PNBK)
CIK:        0001098146
Form:       8-K
Filed at:   2022-06-24T23:59:59+00:00
Accession:  0001437749-22-015915
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Patriot National Bancorp extends $12M senior notes maturity to Dec 2022, rate up to 7.50%
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- Extended $12M in 7% Senior Notes due June 30, 2022 to December 31, 2022.
- Interest rate increases to 7.25% from July 1 to Sep 30, 2022, then to 7.50% thereafter.
- Extension provides additional time to complete proposed merger with American Challenger Development Corp.
- Merger remains subject to closing conditions, shareholder and regulatory approvals nearing conclusion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098146/000143774922015915/0001437749-22-015915-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098146/000143774922015915/pnbk20220624_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-015915

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer