Key Highlights

  • Shares were down 87.80% to USD 0.33 in intraday trading on November 4, 2026, from an implied prior close of about USD 2.7049 (calculated).
  • The company priced an underwritten public offering of about USD 13.5 million at USD 2.72 per unit, with each unit including two common warrants.
  • Nasdaq issued a delisting determination in October 2026, and trading would be suspended on November 5, 2026 without a timely hearing request.
  • Preliminary third quarter 2026 Revenue was about USD 4.7 million, up 65%, but the registration statement carries Going Concern language.

What Moved Parabolic Technologies During Trading (down USD 2.3749, 87.80%)

Parabolic Technologies (NASDAQ:PARA) was down 87.80% at USD 0.33 in intraday trading on November 4, 2026, a fall of USD 2.3749 from an implied prior close of about USD 2.7049 (calculated). The most likely driver is a company release at 8:45 a.m. ET on November 4, 2026 announcing the pricing of an underwritten public offering of about USD 13.5 million. Each common unit was priced at USD 2.72, almost exactly the November 3, 2026 closing level, so the Market Price is now far below the price new investors agreed to pay. Intraday Volume was about 28.89 million shares, roughly 2.57 times normal according to the quote. Quoted figures come from a screener snapshot taken during regular trading and may have changed.

What Are the Offering Terms and Why Do They Weigh on the Stock?

According to the company release, the deal covers 4,963,235 common units or pre-funded units. Each unit carries one share of Class A common stock, or a pre-funded warrant, plus two common warrants exercisable at USD 6.80 per share. Aegis Capital is the sole book-running manager and holds a 45-day option for up to 15.0% more shares and up to 30.0% more warrants. Closing is expected on or about November 5, 2026, and proceeds are meant for general corporate purposes, Working Capital and repaying certain debt. The October 30, 2026 draft registration statement described Warrant exercise prices that reset on the fifth and tenth trading days, subject to floor prices. Such resets can force a larger share count if the stock stays low, which is one reason holders sell into these deals.

Listing Pressure, Business Context and Risks

According to a filing signed October 30, 2026, Nasdaq notified the company on October 27, 2026 that its bid had been below USD 1.00 for 30 consecutive business days and issued a delisting determination. Reverse splits of 1-for-10, 1-for-20 and 1-for-10 since July 2025 total 1-for-2,000. A hearing request was due by 4:00 p.m. ET on November 3, 2026, and no filing confirming it was found. The company, formerly Banzai International, sells Marketing software and reported preliminary third quarter revenue of about USD 4.7 million. Authorized shares rose from 350,000,000 to 850,000,000. A small number of trades can move the price of a micro cap, spreads can be wide and quoted moves can reverse, so nothing here implies the move will continue.

Where Things Stand

Parabolic Technologies (NASDAQ:PARA) is down 87.80% mainly because it priced a USD 13.5 million underwritten offering at USD 2.72 per unit, with two warrants attached, while a Nasdaq delisting determination remains in play. The offering adds shares and warrants that may be sold or exercised, and the stock now trades far below the unit price. The next markers are the expected November 5, 2026 closing, confirmation of the hearing request, and full third quarter results scheduled for November 16, 2026 after the close.