Patriot National Bancorp ( (PNBK) ) has released a notification of late filing.
Patriot National Bancorp has announced a delay in filing its Form 10-K (Yearly Report) for the financial period ending December 31, 2024. The primary reason for the delay is the significant management attention required for a complex transaction involving a $57.75 million private placement of common and preferred stock. This transaction, which involved negotiating with a large number of new investors, impacted the disclosures needed for the Form 10-K. The company expects to file the report no later than fifteen days after the original due date of March 31, 2025. There are no anticipated significant changes in the financial results from the previous year, as the preliminary unaudited results are expected to align with the final report. Patriot National Bancorp remains committed to compliance, with the notification signed by Chief Financial Officer David Finn.
More about Patriot National Bancorp
YTD Price Performance: -33.69%
Average Trading Volume: 1,408,199
Technical Sentiment Signal: Buy
Current Market Cap: $4.95M
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