Company: PNBK
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040370
Chunk: 184

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 184
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 sold 8,524,160 shares of its common stock, $0.01 par value per share, at a price of $1.25 per share. The net proceeds of the offering was approximately $10.47 million after estimated expenses. These transactions affect the weighted average number of shares outstanding.

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Table of ContentsPATRIOT NATIONAL BANCORP, INC. AND SUBSIDIARIES Notes to Consolidated Financial Statements (Unaudited)

The following table summarizes the computation of basic and diluted loss per share for the three and six months ended June 30, 2025 and 2024, including the effects of the Private Placement.(Net loss in thousands)Three Months Ended June 30,Six Months Ended June 30,2025202420252024Basis loss per share:Net loss attributable to Common shareholders$(5,001)$(3,081)$(7,778)$(3,380)Divided by:Weighted average shares outstanding78,123,0953,976,07345,885,4683,976,073Basic loss per share of common stock$(0.06)$(0.77)$(0.17)$(0.85)Diluted loss per share:Net loss attributable to Common shareholders$(5,001)$(3,081)$(7,778)$(3,380)Weighted average shares outstanding78,123,0953,976,07345,885,4683,976,073Effect of potentially dilutive restricted shares of common stock— (1)— (2)— (3)— (4)Divided by:Weighted average diluted shares outstanding78,123,0953,976,07345,885,4683,976,073Diluted loss per share of common stock$(0.06)$(0.77)$(0.17)$(0.85)(1)The weighted average diluted shares outstanding does not include 4,597,710 anti-dilutive restricted shares of common stock for the three months ended June 30, 2025.(2)The weighted average diluted shares outstanding does not include 8,695 anti-dilutive restricted shares of common stock for the three months ended June 30, 2024.(3)The weighted average diluted shares outstanding does not include 5,119,740 anti-dilutive restricted shares of common stock for the six months ended June 30, 2025.(4)The weighted average diluted