Parabolic Technologies prices $13.5 million public offering
PARA•Parabolic Technologies priced an underwritten public offering at $2.72 per Common Unit, targeting approximately $13.5 million in gross proceeds. The offering is expected to close on or about November 5, 2026.
1. Offering terms
The offering comprises 4,963,235 Common Units or Pre-Funded Units, each containing one Class A Common Stock share or Pre-Funded Warrant and two Common Warrants. Each Common Warrant has a $6.80 exercise price per share and an alternative cashless exercise option. Net proceeds, together with existing cash, will fund general corporate purposes, working capital and repayment of certain outstanding indebtedness.
