other_material
confidence high
sentiment neutral
materiality 0.50
Patriot National Bancorp creates non-voting common stock; Series A Preferred converts
PATRIOT NATIONAL BANCORP INC
- Amended charter authorizes 200M total shares: 170M voting, 30M non-voting common, 1M preferred.
- Series A Preferred (90,832 shares) automatically converted into 7,266,560 shares of non-voting common on July 3, 2025.
- As of July 3, 84,783,830 voting common shares and 7,266,560 non-voting common shares outstanding.
- Maximum voting shares available for equity incentive plan set at 18,410,078 shares.
item 3.03item 9.01