Parabolic Technologies, Inc. Announces Closing of $13.5 Million Underwritten Public Offering
Parabolic Technologies, Inc. (NASDAQ:PARA) (the "Company"), a leading AI-powered agentic applications technology company, today announced the closing of its previously announced firm commitment underwritten public offering. Gross proceeds to the Company were approximately $13.5 million, before deducting underwriting fees and other offering expenses payable by the Company. The offering closed on November 5, 2026. The offering consisted of 4,963,235 Common Units (or Pre-Funded Units), each consisting of (i) one (1) share of Class A Common Stock or one (1) Pre-Funded Warrant and (ii) two (2) Common Warrants to purchase one (1) share of Common Stock