Patriot National Bancorp secures Nasdaq financial viability exception for shareholder approval waiver

PATRIOT NATIONAL BANCORP INC

Nasdaq granted financial viability exception under Listing Rule 5635(f) for a transaction requiring shareholder approval.
Company will mail notice to shareholders describing the transaction and reliance on the exception.
Financial viability exception is typically used when a company faces imminent financial hardship and needs expedited capital.
Exact terms of the transaction (size, dilution) not disclosed in this initial filing; shareholder notice pending.

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