Parabolic Technologies, Inc. Announces Closing of $13.5 Million Underwritten Public Offering

Each offering unit includes two Common Warrants, while an over-allotment option permits additional share and warrant issuance.

Rhea-AI Summary

Parabolic Technologies (Nasdaq: PARA) closed its firm commitment underwritten public offering, raising approximately $13.5 million before underwriting fees and other offering expenses. The offering comprised 4,963,235 Common Units or Pre-Funded Units, priced at $2.72 and $2.71999, respectively. Each unit included one Class A common share or one Pre-Funded Warrant, plus two Common Warrants.

Each Common Warrant purchases one common share at an initial exercise price of $6.80, or through an alternative cashless exercise option. Pre-Funded Warrants are immediately exercisable at $0.00001 until exercised in full. Aegis Capital received a 45-day over-allotment option for additional shares of up to 15.0% and additional Common Warrants of up to 30.0% of the number of Common Units sold.

1 point · 1 major

MixediHow this balance works

How this balance works

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

1 major · 5 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major pointOffering closing raised approximately $13.5 million in gross proceeds before underwriting fees and other offering expenses. 81× market cap

Negative

• Major point4,963,235 Common Units or Pre-Funded Units at $2.72 or $2.71999 introduce share and warrant dilution.
• Minor point. Forward-looking: it has not happened yet and may not happen.Two Common Warrants per unit add potential dilution at $6.80 per share or through alternative cashless exercise.
• Minor point. Forward-looking: it has not happened yet and may not happen.Pre-Funded Warrants are immediately exercisable at $0.00001 until exercised in full, allowing share issuance.
• Minor point. Forward-looking: it has not happened yet and may not happen.45-day over-allotment option permits additional shares up to 15.0% and warrants up to 30.0% of Common Units sold.
• Minor pointUnderwriting fees and other offering expenses reduce the proceeds retained by Parabolic Technologies.

News Explained

At the June 30, 2026 cash level and second-quarter outflow rate, gross proceeds equaled 317.9 days of operating cash use, versus 15.2 days for cash.

Parabolic Technologies closed the offering on November 5, 2026, receiving approximately $13.5 million gross before fees; its 4,963,235 units paired either a share or a pre-funded warrant with two common warrants, so issuance or exercise can add shares and reduce existing holders’ percentage ownership.

At June 30, 2026, reported cash was $646,000, against second-quarter operating cash outflow of $3,865,000; at that historical rate, the gross raise equals 317.9 days of the last reported operating cash use, while cash equaled 15.2 days.

Sources and calculations

• Parabolic Technologies offering-closing release (2026-11-05)
• Parabolic Technologies Q2 2026 fundamentals (2026Q2)
• Dilution definition (2026-07-17)
• Pre-funded warrant definition (2026-07-17)

• Offering gross against the last reported quarterly operating outflow, in days at that rate $13,500,000 / ($3,865,000 / 91) = 317.9 days
• Available liquidity against the last reported quarterly operating outflow, in days at that rate $646,000 / ($3,865,000 / 91) = 15.2 days

Argus 15 min delay 99 alerts

-2.62% vs previous close $0.1597 last price 196.1x rel. volume Open Argus

Details

Market Reaction – PARA

+2.2% Peak in 0 min

$0.15 – $0.27 Day Range

$83,220 Mkt Cap at Last Price

On Nov 5, the day this news came out, the latest delayed price for PARA is 2.62% below the previous close. Argus tracked a peak move of +2.2% during the session. Our momentum scanner has recorded 99 alerts for this stock so far that day. The latest delayed price is $0.16. Relative volume is exceptionally heavy at 196.1x what this stock usually trades by this time of day.

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Key Figures

Gross proceeds: Approximately $13.5 million Units offered: 4,963,235 Common Units (or Pre-Funded Units) Offering price: $2.72 per Common Unit; $2.71999 per Pre-Funded Unit +3 more

Gross proceeds

Approximately $13.5 million

Before underwriting fees and other offering expenses

Units offered

4,963,235 Common Units (or Pre-Funded Units)

Underwritten public offering

Offering price

$2.72 per Common Unit; $2.71999 per Pre-Funded Unit

Public offering price

Common Warrants per unit

2 Common Warrants

Each warrant purchases one share of Common Stock

Warrant exercise price

$6.80 per share

Initial exercise price of each Common Warrant

Over-allotment option

45 days; up to 15.0% additional shares and/or 30.0% additional Common Warrants

Option granted to the underwriter

Key Terms

firm commitment underwritten public offering, pre-funded warrant, cashless exercise, rule 462(b)

4 terms

firm commitment underwritten public offering financial

"firm commitment underwritten public offering"

A firm commitment underwritten public offering is when an investment bank agrees to buy all new shares from a company at an agreed price and then resell them to investors, taking on the risk that it must sell the stock. Think of it like a retailer buying a full shipment up front so the seller is guaranteed cash. For investors, it guarantees the company will raise a specific amount but can dilute existing shareholders and affect market price depending on how the resale goes.

pre-funded warrant financial

"The Pre-Funded Warrants are immediately exercisable"

A pre-funded warrant is a financial instrument that gives the holder the right to buy shares of a company's stock at a set price, with most of the purchase cost already paid upfront. It functions like a nearly fully paid option, allowing investors to secure shares quickly while minimizing the amount of additional money they need to invest later. This helps investors gain ownership rights efficiently, often used to avoid certain regulatory restrictions or to prepare for future stock purchases.

cashless exercise financial

"pursuant to an alternative cashless exercise option"

A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.

rule 462(b) regulatory

"filed pursuant to Rule 462(b) under the Securities Act of 1933"

Rule 462(b) is an SEC provision that lets an issuer add more securities of the same class to an already-effective registration statement by filing a short post-effective amendment that becomes effective on filing, so the additional securities are immediately registered without redoing the full approval process. For investors this matters because it lets companies and underwriters expand an offering quickly—like adding extra seats to a sold-out show—changing supply and potential dilution that can affect the stock price.

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

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SEATTLE, Nov. 05, 2026 (GLOBE NEWSWIRE) -- 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 per warrant at an exercise price of $6.80 per share. The public offering price per Common Unit was $2.72 (or $2.71999 for each Pre-Funded Unit, which is equal to the public offering price per Common Unit sold in the offering minus an exercise price of $0.00001 per Pre-Funded Warrant). The Pre-Funded Warrants are immediately exercisable and may be exercised at any time until exercised in full. For each Pre-Funded Unit sold in the offering, the number of Common Units in the offering will be decreased on a one-for-one basis. The initial exercise price of each Common Warrant is $6.80 per share of Common Stock or pursuant to an alternative cashless exercise option.

Solely to cover over-allotments, if any, the Company has granted Aegis Capital Corp. (“Aegis”) a 45-day option to purchase (i) additional shares of Common Stock of up to 15.0% of the number of Common Units sold in the offering and/or (ii) additional Common Warrants of up to 30.0% of the number of Common Units sold in the offering. The purchase price to be paid per additional share of Common Stock will be equal to the public offering price of one Common Unit (less $0.00001 allocated to each full warrant), less the underwriting discount. The purchase price to be paid per additional Common Warrant will be $0.00001.

Aegis Capital Corp. acted as the sole book-running manager for the offering. Hunter Taubman Fischer & Li LLC acted as counsel to the Company. Kaufman & Canoles, P.C. acted as counsel to Aegis Capital Corp.

A registration statement on Form S-1 (No. 333-299744) previously filed with the U.S. Securities and Exchange Commission (the “SEC”) on October 30, 2026, was declared effective by the SEC on November 3, 2026, and a related registration statement on Form S-1MEF (File No. 333-299848) was filed pursuant to Rule 462(b) under the Securities Act of 1933, which became effective immediately upon filing on November 5, 2026. The offering was made only by means of a prospectus. A final prospectus describing the terms of the offering will be filed with the SEC and will be available on the SEC’s website located at www.sec.gov. Electronic copies of the final prospectus may be obtained, when available, by contacting Aegis Capital Corp., Attention: Syndicate Department, 1345 Avenue of the Americas, 27th floor, New York, NY 10105, by email at syndicate@aegiscap.com, or by telephone at +1 (212) 813-1010. Before investing in this offering, interested parties should read the prospectus in its entirety, which provides more information about the Company and the offering.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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.banzai.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.banzai.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 did Parabolic Technologies raise in its public offering?

Parabolic Technologies raised approximately $13.5 million in gross proceeds, before underwriting fees and other offering expenses. The offering closed on November 5, 2026, and consisted of 4,963,235 Common Units or Pre-Funded Units.

What securities were included in Parabolic Technologies' offering units?

Each unit included one Class A common share or one Pre-Funded Warrant, plus two Common Warrants. Common Units cost $2.72 each, while Pre-Funded Units cost $2.71999 each. Each Common Warrant purchases one common share at an initial exercise price of $6.80 or through an alternative cashless exercise option.