PATRIOT NATIONAL BANCORP INC (PNBK) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
PNBK currently has 115M outstanding shares. with moderate dilution risk from 38M authorized shares representing 32.9% potential dilution. The company has significantly diluted shareholders by 1808.68% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 15, 2026 |
10-Q filing | 115.3M shares outstanding |
120M | 38M |
| Mar 31, 2026 |
10-K filing | 117.1M shares outstanding |
120M | 36M |
| Nov 14, 2025 |
10-Q filing | 115.0M shares outstanding |
110M | 38M |
| Sep 02, 2025 |
8-K filing: Patriot National Bancorp, Inc. agreed to issue and sell 31,985,103 shares of common stock and warrants in a registered direct offering for gross proceeds of approximately $25.6 million before deducting offering expenses. ($25.6M proceeds) |
97M | 56M |
| Aug 14, 2025 |
10-Q filing | 97.2M shares outstanding |
97M | 56M |
| Aug 05, 2025 |
8-K filing: Unity Bancorp Inc. converted $2,005,026.88 of Amended Senior Notes into 2,673,369 shares of common stock at $0.75 per share, and American Bank Incorporated converted $803,443.34 of Amended Senior Notes into 1,071,258 shares of common stock at $0.75 per share. ($2.81M proceeds) |
76M | 77M |
| Jun 04, 2025 |
8-K filing: Patriot National Bancorp, Inc. entered into a securities purchase agreement to issue and sell 8,524,160 shares of common stock at a price of $1.25 per share in a registered direct offering, with net proceeds expected to be approximately $10.47 million. ($10.66M proceeds) |
76M | 77M |
| May 19, 2025 |
8-K filing: Two noteholders, including Solaia Capital Holdings LLC, converted a total of $1,896,956.92 of the aggregate principal and accrued unpaid interest due on the Senior Notes into 2,529,275 shares of Common Stock. ($1.9M proceeds) |
76M | 77M |
| May 15, 2025 |
S-3 filing: This prospectus relates to the offer and sale from time to time by the selling securityholders of up to 79,529,275 shares of common stock of Patriot National Bancorp, Inc. |
76M | 77M |
| May 14, 2025 |
S-3 filing: The company may offer and sell, from time to time, up to $250,000,000 of common stock, preferred stock, debt securities, depositary shares, purchase contracts or subscription rights, separately or in any combination, in one or more offerings. |
74M | 0 |
| May 14, 2025 |
10-Q filing | 76.3M shares outstanding |
76M | 0 |
| Apr 15, 2025 |
10-K filing | 73.7M shares outstanding |
74M | 0 |
| Mar 26, 2025 |
8-K filing: Patriot National Bancorp, Inc. completed a $57.75 million private placement involving the issuance of common stock and preferred stock, as well as the conversion of existing notes into common stock, which also modified the rights of security holders. ($45.3M proceeds) |
4M | 0 |
| Nov 19, 2024 |
10-Q filing | 4.0M shares outstanding |
4M | 0 |
| Aug 09, 2024 |
10-Q filing | 4.0M shares outstanding |
4M | 0 |
| May 15, 2024 |
10-Q filing | 4.0M shares outstanding |
4M | 0 |
| Apr 01, 2024 |
10-K filing | 4.0M shares outstanding |
4M | 0 |
| Nov 14, 2023 |
10-Q filing | 4.0M shares outstanding |
4M | 0 |
| Aug 10, 2023 |
10-Q filing | 4.0M shares outstanding |
4M | 0 |
| May 12, 2023 |
10-Q filing | 4.0M shares outstanding |
4M | 0 |
| Mar 29, 2023 |
10-K filing | 4.0M shares outstanding |
4M | 0 |
| Nov 14, 2022 |
10-Q filing | 4.0M shares outstanding |
4M | 0 |
| Aug 11, 2022 |
10-Q filing | 4.0M shares outstanding |
4M | 0 |
| May 13, 2022 |
10-Q filing | 4.0M shares outstanding |
4M | 0 |
| Mar 24, 2022 |
10-K filing | 4.0M shares outstanding |
4M | 0 |
| Nov 10, 2021 |
10-Q filing | 3.9M shares outstanding |
3.9M | 0 |
| Aug 16, 2021 |
10-Q filing | 3.9M shares outstanding |
3.9M | 0 |
| May 14, 2021 |
10-Q filing | 3.9M shares outstanding |
3.9M | 0 |
| Mar 30, 2021 |
10-K filing | 3.9M shares outstanding |
3.9M | 0 |
| Nov 13, 2020 |
10-Q filing | 3.9M shares outstanding |
3.9M | 0 |
| Aug 13, 2020 |
10-Q filing | 3.9M shares outstanding |
3.9M | 0 |
| Jun 08, 2020 |
10-Q filing | 3.9M shares outstanding |
3.9M | 0 |
| Apr 29, 2020 |
10-K filing | 3.9M shares outstanding |
3.9M | 0 |