Company: PNBK
Filing Date: 2025-06-04
Form Type: 424B5
Source: 0001437749-25-019364
Chunk: 5

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-06-04
Form: 424B5
Chunk 5
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 March 11, 2003, we formed Patriot National Statutory Trust I, or the “Trust,” for the sole purpose of issuing trust preferred securities and investing the proceeds in subordinated debentures issued by us. We primarily invested the funds from the issuance of the debt in the Bank. The Bank used the proceeds to fund general operations.

Unless the context otherwise requires, “we,” “us,” “our,” “Patriot” and the “Company” refer to Patriot National Bancorp, Inc. and its consolidated subsidiaries.

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 supplement, and the inclusion of our website address in this prospectus supplement is an inactive textual reference only.

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THE OFFERING

| Issuer                                                                           | Patriot National Bancorp, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Common Stock offered by us                                                       | 8,524,160 Shares of our Common Stock.                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| Public Offering Price                                                            | $1.25 per Share.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| Common Stock to be outstanding immediately prior to the closing of this offering | 76,259,670 shares of Common Stock.                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Common Stock to be outstanding immediately after the closing of this offering    | 84,783,830 shares of Common Stock.                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Use of proceeds                                                                  | We estimate that the net proceeds from this offering will be approximately $10.47 million, after deducting estimated offering expenses payable by us. We intend to use the net proceeds from this offering