Parabolic Technologies, Inc. Announces $11.6 Million Debt Paydown Eliminating All Secured Debt

The repayments fully retired three convertible notes, while the company also retired all warrants held by 3i.

Rhea-AI Summary

Parabolic Technologies (Nasdaq: PARA) paid off $11.6 million in debt ahead of schedule, eliminating all secured debt.

The company used proceeds from its recently closed public offering, which raised $12.1 million after underwriting discounts and offering fees, primarily for debt repayment and retiring all warrants held by 3i. The payoffs covered three convertible notes. Parabolic believes its remaining operating cash is sufficient for all short-term needs.

6 points · 1 major

PositiveiHow this balance works

How this balance works

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0 major · 0 points

How the balance works

Positive

• Major pointPublic offering provided $12.1 million after underwriting discounts and offering fees. 265× market cap
• Minor pointCP BF Lending senior convertible note of $5.1 million fully repaid.
• Minor pointEvergreen Capital Management convertible bridge note of $4.6 million fully repaid.
• Minor point3i senior convertible private placement note and all associated outstanding warrants retired, totaling $1.9 million.
• Minor pointOperating cash is sufficient for all short-term needs, the company believes.
• Minor pointCost reductions have already been executed.

Negative

• None.

Argus 15 min delay 55 alerts

-26.29% vs previous close $0.0645 last price 2369.8x rel. volume Open Argus

Details

Market Reaction – PARA

+9.2% Peak in 0 min

$0.06 – $0.08 Day Range

$33,611 Mkt Cap at Last Price

On Nov 10, the day this news came out, the latest delayed price for PARA is 26.29% below the previous close. Argus tracked a peak move of +9.2% during the session. Our momentum scanner has recorded 55 alerts for this stock so far that day. The latest delayed price is $0.06. Relative volume is exceptionally heavy at 2369.8x what this stock usually trades by this time of day.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Key Figures

Debt paydown: $11.6 million Offering proceeds: $12.1 million Senior convertible note payoff: $5.1 million +2 more

Debt paydown

$11.6 million

Debt obligations paid off ahead of schedule

Offering proceeds

$12.1 million

Net proceeds after underwriting discounts and offering fees

Senior convertible note payoff

$5.1 million

Full payoff of the CP BF Lending note

Convertible bridge note payoff

$4.6 million

Full payoff of the Evergreen Capital Management note

Private Placement Note and warrants

$1.9 million

Payoff of the 3i note and retirement of associated warrants

Historical Context

1 past event · Latest: Nov 05

1 event

1. Nov 05

   Offering closing

   24h Move

   -48.6%

   Closed the public offering whose net proceeds were later applied to debt repayment.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

convertible note, warrants, underwriting discounts

3 terms

convertible note financial

"Full payoff of our $5.1 million senior convertible note with CP BF Lending, LLC."

A convertible note is a type of loan that a company gets from investors, which can later be turned into company shares instead of being paid back in cash. It matters because it helps startups raise money quickly without setting a fixed value for the company right away, making it easier to grow and attract investors.

warrants financial

"retire all warrants held by 3i, LP"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

View in glossary

underwriting discounts financial

"after underwriting discounts and offering fees"

The portion of a securities offering that underwriters keep as payment for arranging and selling the issue, often expressed as the gap between what the issuer receives and the price paid by public investors. It matters to investors because it reduces the net proceeds the company raises and signals how much institutional middlemen are charging — like a broker’s commission — which can affect a deal’s economics and the degree of dilution for existing shareholders.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Advances Project Fortress by completing full payoffs of three convertible notes and retiring associated warrants

SEATTLE, Nov. 10, 2026 (GLOBE NEWSWIRE) --  Parabolic Technologies, Inc. (Nasdaq: PARA) (the “Company”), a leading AI-powered agentic applications technology company, today announced it deployed the $12.1 million proceeds from its recently closed public offering (after underwriting discounts and offering fees) primarily to pay off $11.6 million in debt obligations ahead of schedule, and to retire all warrants held by 3i, LP. The Company believes it now has sufficient operating cash to meet all its short term needs.

The debt paydown was focused on four main obligations:

• Full payoff of our $5.1 million senior convertible note with CP BF Lending, LLC.
• Full payoff of our $4.6 million convertible bridge note with Evergreen Capital Management LLC.
• Full payoff of our senior convertible Private Placement Note with 3i, LP and all outstanding warrants associated with that note, totaling $1.9 million.
  

"Our recent financing has enabled us to wipe out onerous debt and retire the vast majority of outstanding warrants. This is a game-changer for Parabolic, eliminating the need for us to raise future capital to service this debt, and substantially eliminating our warrant overhang” said Joe Davy, Founder and CEO of Parabolic. “Together with the aggressive cost reductions we’ve already executed, our strengthened balance sheet gives us a clean runway to scale. We are moving forward with a much stronger financial position, completely focused on building great AI products for our customers and driving sustainable returns for our shareholders."

About Parabolic Technologies, Inc.

Parabolic builds agentic applications that power the future of business. We believe that the future of enterprise software will be agentic applications that are net-beneficiaries of AI transformation, and we focus on building, acquiring, and investing in those and related businesses. We have over 150,000 customers including Amazon, Dell, Salesforce, Aflac, Thermo Fisher Scientific, RBC Wealth Management, and Fitch Group. Learn more at www.parabolic.io. For investors, please visit ir.parabolic.io.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Parabolic Technologies, Inc.’s (the “Company’s”): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.

Investor Relations
Dean Ditto
Chief Financial Officer
206 414-1777
ir.parabolic.io

Media
Paul Witkowski
Senior Director Financial Reporting
media@parabolic.io

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much debt did Parabolic Technologies pay off, and how was it funded?

Parabolic paid off $11.6 million in debt obligations ahead of schedule, eliminating all secured debt. Its recently closed public offering provided $12.1 million after underwriting discounts and offering fees, used primarily for the repayments and retiring all warrants held by 3i.