other
confidence high
sentiment neutral
materiality 0.25
Patriot National Bancorp files amendment to designate Series A Convertible Preferred Stock
PATRIOT NATIONAL BANCORP INC
- Certificate of Amendment designates Series A Non-Cumulative Perpetual Convertible Preferred Stock.
- Filed with Connecticut Secretary of State on March 13, 2025; effective upon filing.
- No shares of Series A Preferred Stock are outstanding; authorization only.
- Amendment enables future issuance but does not immediately impact capital structure.