Parabolic Technologies Deploys $12.1M Proceeds From Closed Public Offering To Pay Off $11.6M Debt
Benzinga Newsdesk 3 hours ago
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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
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.