Company: PNBK
Filing Date: 2025-03-31
Form Type: NT 10-K
Source: 0001628280-25-015696
Chunk: 1

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-03-31
Form: NT 10-K
Chunk 1
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’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.                                                                                                                                                                                                                                                                                                  |

# PART III - NARRATIVE
State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

Patriot National Bancorp, Inc. (the "Company") filed a Form 8-K on February 21, 2025 (“the Form 8-K”) including an Item 7.01 Regulation FD Disclosure of the Company receiving non-binding term sheets from investors seeking to purchase shares of common stock and preferred stock, (the “Proposed Transaction”). The Form 8-K included an Item 2.02 Results of Operations and Financial Condition with the preliminary unaudited financial results. The Company’s Annual Report on Form 10-K (“Form 10-K”) for December 31, 2024 is expected to be consistent with the preliminary unaudited financial results included in the Form 8-K.

The Company completed its $57.75 million private placement of the Company’s common shares and a new series of the Company’s preferred stock (the “Private Placement”) on March 20, 2025. Leading up to the disclosure of the Proposed Transaction and ending in the closing of the Private Placement, the Company’s management was engaged in both managing the Company and negotiating and closing a complex transaction with a significant number of new investors.

Negotiation, execution and closing of the Private Placement required significant management attention, in addition to impacting disclosures required in the Company’s Form 10-K. This resulted in the delay in finalizing the Company’s Form 10-K. The Company is unable to complete such filing by the filing due date of March 31, 2025 without incurring unreasonable effort and expense.

In accordance with Rule 12b-25 of the Securities Exchange Act of 1934, as amended, the Company endeavors to file the Form 10-K no later than the fifteenth calendar day following the prescribed filing date.

# PART IV - OTHER INFORMATION
| (1) |     | Name and telephone number of person to contact to this notification |

| David Finn |     |        203 |     | 251-7225          |
| (Name)     |     | -Area Code |     | -Telephone Number |

| (2) |     | Have all