Parabolic Registers $11.75M Firm-Commitment Offering With Reset Warrants Days After Nasdaq Delisting Notice
PARA is trading near its 52-week low of $2.9 (13% above the low).
Summary
Parabolic filed to raise $11.75 million in a firm-commitment offering of units with two reset-prone warrants each, days after a Nasdaq delisting determination and while carrying a going-concern warning.
Key Events · Financing and Capital Events · PARA
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$11.75M Firm-Commitment Unit Offering
Each Unit is one Class A share (or Pre-Funded Warrant) plus two Warrants; the unit price will equal the Nasdaq closing price on the pricing date, so no fixed price is set yet.
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Warrant Resets and Zero-Cash Exercise
Warrants start at 250% of the unit price, then reset on the 5th and 10th trading days to 80% of the lowest VWAP, floored at 50% and 30% of the Nasdaq Minimum Price; a zero-cash option delivers 90% of the shares for no payment.
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Underwriting Terms
Aegis Capital Corp. takes an 8.0% cash fee plus $125,000 of counsel fees, a 15% over-allotment option, 90-day lock-ups and standstill, and a 12-month right of first refusal on future financings.
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$1.5M Warrant Repurchase
Under an October 20, 2026 agreement, upon closing the company pays $1.5 million cash to cancel 166,286 existing warrants struck at $12.45; that investor gets a right to buy at least $6 million of the offering.
Analysis · PARA · Technology
Parabolic is trying to raise $11.75 million in a firm-commitment underwritten offering while its stock faces a Nasdaq Staff Delisting Determination received October 27, 2026 — trading suspends November 5 unless it appeals by November 3. The structure is punitive: each Unit carries two Warrants struck at 250% of the unit price, but the exercise price resets on the 5th and 10th trading days after issuance to 80% of the lowest VWAP, floored at 50% and then 30% of the Nasdaq Minimum Price, and holders can exercise for zero cash and still receive 90% of the shares. The company itself warns that the resets and zero-cash option will likely cut the share price considerably and cause substantial dilution. Against $0.6 million of cash at June 30, 2026 and $9.4 million of first-half operating burn, this raise buys months, not years — and $1.5 million of the proceeds effectively goes to buy back 166,286 existing warrants from one investor. The offering price is not yet set; it will equal the closing price on the pricing date, so the discount to today's $3.29 cannot be determined from this filing.
How filings like this one have moved
In the 30 days to Oct 30, 2026, 49% of the 206 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.93%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PARA was trading at $3.29 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.1M. The 52-week trading range was $2.90 to $466.00. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.