Parabolic Technologies, Inc. Announces Closing of $13.5 Million Underwritten Public Offering
Yesterday, 2:31 PM·
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Summary
Parabolic Technologies (PARA) closed a $13.5 million underwritten public offering that included warrants. The company said net proceeds will be used to repay debt and fund working capital and general corporate purposes.
Parabolic Technologies (PARA) said it has closed a $13.5 million underwritten public offering that included warrants, according to a company announcement.
Use of Proceeds
The company said net proceeds from the offering will be used to:
- Repay debt
- Fund working capital
- Cover general corporate purposes
Offering Details
The announcement described the transaction as an underwritten public offering with warrants. No further terms of the offering, including pricing or warrant specifics, were disclosed in the source material.
The release was published on GlobeNewswire on November 5, 2026.