Patriot National Bancorp raises ~$10.5M in registered direct offering of 8.5M shares at $1.25/share

PATRIOT NATIONAL BANCORP INC

Issued 8,524,160 shares at $1.25 each in registered direct offering to accredited investors.
Net proceeds expected ~$10.47 million for general corporate purposes (capex, working capital, G&A).
No placement agent or underwriter used; closing expected on or about June 5, 2025.
Shares issued under existing S-3 shelf registration effective May 22, 2025 (File No. 333-287283).
Securities Purchase Agreement with customary representations, warranties, and closing conditions.

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