Company: PNBK
Filing Date: 2025-06-04
Form Type: 424B5
Source: 0001437749-25-019364
Chunk: 8

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-06-04
Form: 424B5
Chunk 8
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 future, investors in our Common Stock could incur substantial losses.

You may experience future dilution as a result of future equity offerings and other issuances of our Common Stock or other securities.

In order to raise additional capital, we may in the future offer additional shares of our Common Stockor other securities convertible into or exchangeable for our Common Stockat prices that may not be the same as the price per Share in this offering. We may not be able to sell shares or other securities in any other offering at a price per share that is equal to or greater than the price per share paid by the investor in this offering, and investors purchasing Shares or other securities in the future could have rights superior to existing shareholders. The price per share at which we sell additional shares of our Common Stockor securities convertible into Common Stockin future transactions may be higher or lower than the price per share in this offering.

We do not expect to pay dividends in the future. As a result, you must rely on stock appreciation for any return on your investment.

We currently intend to retain all future earnings for the operation and expansion of our business and, therefore, do not anticipate declaring or paying cash dividends in the foreseeable future. Any payment of cash dividends will depend on our financial condition, results of operations, capital requirements and other factors and will be at the discretion of our board of directors. Accordingly, you will have to rely on capital appreciation, if any, to earn a return on your investment in our Common Stock.

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USE OF PROCEEDS</div>

We estimate that the net proceeds from this offering will be approximately $10.47million, after deducting estimated offering expenses payable by us.

We intend to use the net proceeds from this offering for general corporate purposes, which may include capital expenditures, working capital and general and administrative expenses.

Our expected use of net proceeds from the sale of Shares of Common Stock in this offering represents our intentions based upon our present plans and business conditions, which could change in the future as our plans and business conditions evolve. The amount and timing of our actual expenditures will depend upon numerous factors, including the results of our operations and the factors described under “Risk Factors” located elsewhere in this prospectus supplement, the accompanying base prospectus and in the information incorporated by reference herein or therein. Management will retain broad discretion over the allocation of net proceeds, and investors will be relying on our judgment regarding the application of the net proceeds from this offering.

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DIVIDEND