Patriot National Bancorp Inc. Converts Preferred Shares into Non-Voting Common Stock as Part of Charter Amendment

Reuters07-09

Patriot National Bancorp Inc. Converts Preferred Shares into Non-Voting Common Stock as Part of Charter Amendment

Patriot National Bancorp Inc. announced the automatic conversion of its Series A Non-Cumulative Perpetual Convertible Preferred Stock into shares of Non-Voting Common Stock. On July 3, 2025, the company completed this conversion, resulting in 90,832 shares of Series A Preferred Stock being transformed into 7,266,560 shares of Non-Voting Common Stock. This conversion aligns with the recent amendment and restatement of the company's Certificate of Incorporation, which allows the issuance of a significant number of both voting and non-voting common shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Patriot National Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-022365), on July 09, 2025, and is solely responsible for the information contained therein.

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