secwatch.observer — SEC 8-K summary
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Issuer:     PATRIOT NATIONAL BANCORP INC (PNBK)
CIK:        0001098146
Form:       8-K
Filed at:   2025-03-05T23:59:59+00:00
Accession:  0001628280-25-010308
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098146/000162828025010308/0001628280-25-010308-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098146/000162828025010308/pnbk-20250305.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-010308

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