Company: PNBK
Filing Date: 2025-05-15
Form Type: S-3
Source: 0001437749-25-016950
Chunk: 11

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-05-15
Form: S-3
Chunk 11
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 their Resale Shares, and we will bear all other costs, fees and expenses incurred in effecting the registration of such securities covered by this prospectus, including, without limitation, all registration and filing fees, Nasdaq listing fees and fees and expenses of our counsel and our independent registered public accountants.

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SELLING SECURITYHOLDERS</div>

This prospectus relates to the resale by the Selling Securityholders of up to 79,529,275 Resale Shares, which consist of: (i) 72,262,715 shares of Common Stock issued to the Selling Securityholders, and (ii) 7,266,560 shares of Common Stock issuable upon the conversion of Series A Preferred Stock issued to the Selling Securityholders in the Private Placement. We are registering the Resale Shares in order to permit the Selling Securityholders to offer the Resale Shares for resale from time to time. For additional information regarding the Resale Shares being offered by the Selling Securityholders pursuant to this prospectus, see “Prospectus Summary – Private Placement” above. In connection with the Private Placement, we entered into the Registration Rights Agreements, pursuant to which we agreed to file a registration statement with the SEC registering the resale of the Shares, as well as the shares of Common Stock underlying the Series A Preferred Stock, issued to the Selling Securityholders in the Private Placement.

When we refer to the “Selling Securityholders” in this prospectus, we mean the persons listed in the table below, and the pledgees, donees, transferees, assignees, successors and others who later come to hold any of the Selling Securityholders’ interest in the Resale Shares after the date of this prospectus (other than in a public sale) such that registration rights shall apply to those securities.

The following table is prepared based on information provided to us by the Selling Securityholders. It sets forth (i) the name and address of the Selling Securityholders, (ii) the aggregate number of Resale Shares that the Selling Securityholders beneficially owned, including any Underlying Shares, as of the date of this prospectus, (iii) the aggregate number of Resale Shares that the Selling Securityholders may offer pursuant to this prospectus and (iv) the number of Resale Shares beneficially owned by the Selling Securityholders after the sale of the securities offered hereby.

We have based percentage ownership after this offering on 76,259,670 shares of Common Stock outstanding as of May 14