Patriot National Bancorp raises ~$25.6M via registered direct offering of 31.99M shares and warrants at $1.25/share

PATRIOT NATIONAL BANCORP INC

Offering consists of 19.2M voting common shares and 12.8M non-voting shares (via warrants), plus warrants for additional shares.
Proceeds expected ~$25.6M before $250k expenses; closing expected Sept 3, 2025.
Warrants exercisable after 6 months at $1.56/share, subject to increase to $1.685 under certain conditions.
Proceeds for general corporate purposes including working capital, debt repayment, capex.
No underwriter or placement agent; direct to accredited investors.

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