Company: PNBK
Filing Date: 2025-05-15
Form Type: S-3
Source: 0001437749-25-016950
Chunk: 8

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-05-15
Form: S-3
Chunk 8
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 shares of our voting securities issued and outstanding.

The securities issued pursuant to the Purchase Agreements were issued without registration under the Securities Act in reliance upon the exemption provided under Rule 506 of Regulation D promulgated under the Securities Act and Section 4(a)(2) of the Securities Act as securities offered and sold only to accredited investors (as defined in Rule 501(a) of Regulation D under the Securities Act) in a transaction not involving any public offering.

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In compliance with the requirements of the Registration Rights Agreements, this registration statement, of which this prospectus is a part, relates to the offer and resale of the Shares, as well as the Underlying Shares issuable upon the conversion of Series A Preferred Stock.

Implications of Being a Smaller Reporting Company

We qualify as a “smaller reporting company,” as such term is defined in Rule 12b-2 under the Exchange Act, and, to the extent we continue to qualify as a “smaller reporting company,” we are permitted and plan to rely on certain exemptions from disclosure and other requirements applicable to public companies that are not smaller reporting companies, including: (i) not being required to comply with the auditor attestation requirements of Section 404(b) of the Sarbanes-Oxley Act; and (ii) scaled executive compensation disclosures.

Corporate Information

We were incorporated under the laws of the State of Connecticut on June 17, 1999. Our principal executive office is located at 900 Bedford Street, Stamford, Connecticut 06901. Our telephone number is (203) 252-5900. Our website address is . Information contained on our website is not a part of, or incorporated by reference into, this prospectus, and the inclusion of our website address in this prospectus is an inactive textual reference only.

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| THE OFFERING                                        |     |                                                                                                                                                                                                                                                                                                                                                                                      |
| Common Stock Offered by the Selling Securityholders |     | 79,529,275 shares of Common Stock, consisting 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. See “Selling Securityholders.”                                                     |
| Use of proceeds                                     |     | We will not receive any proceeds from the sale of the Resale Shares to be