Key Highlights

  • Parabolic Technologies was trading up 20.06% at USD 0.1209 in pre-market on Friday, November 13, 2026, in pre-market market data, with no company announcement dated November 11 to 13 found.
  • An underwritten offering of USD 13.5 million closed on November 5, 2026 at USD 2.72 per unit, each unit with one share or pre-funded Warrant and two warrants exercisable at USD 6.80.
  • The prospectus shows 2,072,632 Class A shares outstanding on November 4, 2026, and up to 74,448,525 additional shares if the warrants were exercised under the zero exercise price option.
  • Nasdaq issued a delisting determination after three reverse splits compounding to 1-for-2,000, and a hearing before a Nasdaq panel is scheduled for December 3, 2026.

Offering Closes at USD 2.72 a Unit as the Price Collapses

Parabolic Technologies (NASDAQ:PARA), formerly Banzai International, sells Marketing software to more than 150,000 customers. It closed a USD 13.5 million underwritten public offering on November 5, 2026, selling 4,963,235 units at USD 2.72, with Aegis Capital as sole book-runner. The 424B4 prospectus lists November 4 as the last reported price at USD 0.319 against an assumed USD 2.72, a gap that conflicts and could not be reconciled. The pre-market quote of USD 0.1209 is about 95.6% below USD 2.72 (calculated). The 20.06% gain is therefore a bounce from a very low base, not news, and a price move of a few cents can look large in relative terms. Treat the quote as a thin-market print.

Warrant Resets and Zero-Exercise Option Drive Dilution

The warrants carry price resets on the fifth and tenth trading day after issuance, set against the lowest recent trading prices and floors of 50% and 30% of the Nasdaq minimum price. By calculation these dates fall around November 12 and November 19, 2026. Holders may also choose a zero exercise price option that yields 90% of the shares a cash exercise would. Falling prices lower the reset price and raise the share count, which can pressure the stock further. Before the offering only 2.07 million Class A shares were outstanding, and authorized capital was raised to 850 million shares on October 30.

Going Concern Doubt and a December 3 Nasdaq Hearing

The prospectus states substantial doubt about the ability to continue as a going concern. Operating Cash Flow was negative in both 2025 and 2024, and the operating loss was USD 18.5 million in 2025 and USD 10.2 million in the first half of 2026. Reverse splits of 1-for-10 in July 2025, 1-for-20 in May 2026 and 1-for-10 on October 27, 2026 compound to 1-for-2,000, which made the company ineligible for a standard 180-day compliance period. A hearing is set for December 3, 2026, and no assurance exists that the plan will be accepted. Quoted moves in this low-priced stock can reverse quickly.

Where Things Stand

The 20.06% pre-market rise in Parabolic Technologies (NASDAQ:PARA) follows no new announcement that could be found; it comes after a USD 13.5 million dilutive raise and a collapse in the quote, so it reads as a rebound from a depressed base rather than a change in the business, and a quote this low can reverse as quickly as it rose. The pre-market price of USD 0.1209 is the figure of record. Key risks are warrant resets, potential issuance of tens of millions of shares, Going Concern doubt and the Nasdaq hearing on December 3, 2026, which could end in delisting.