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Parabolic Technologies prices $13.5M public offering to fund growth and debt repayment

Company Fundamentals
04 Nov 2026, 15:45 WIB
GlobeNewsWire
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Neutral
Parabolic Technologies prices $13.5M public offering to fund growth and debt repayment

Parabolic Technologies, an AI-powered applications company, announced a $13.5 million underwritten public offering priced at $2.72 per unit. The offering includes common stock and warrants, with proceeds intended for general corporate purposes, working capital, and debt repayment. The deal is expected to close around November 5, 2026, and is managed by Aegis Capital Corp. This funding move supports Parabolic's growth and financial stability as it continues to expand its AI-driven business solutions.

Parabolic Technologies, Inc. announced a $13.5 million underwritten public offering priced at $2.72 per unit. For readers following the Technology sector, here is Pluang's market snapshot as of Nov 04, 2026 20:01 WIB: out of 150 priced US stocks, 77 rose and 66 fell. Notable movers include CDW Corp. at USD 161.42 with a 7.78% increase and Freshworks Inc. at USD 12.86 with a 9.12% decrease.

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