secwatch.observer — SEC 8-K summary
======================================

Issuer:     PATRIOT NATIONAL BANCORP INC (PNBK)
CIK:        0001098146
Form:       8-K
Filed at:   2025-06-04T23:59:59+00:00
Accession:  0001437749-25-019363
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098146/000143774925019363/0001437749-25-019363-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098146/000143774925019363/pnbk20250603_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-019363

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