🔴 PBK is trading 10% down today after announcing a $4.2 million registered direct offering

PBK is trading 10% down at $0.67 after announcing a heavily dilutive $4.2 million registered direct offering of 7 million new shares.

• The deal significantly increases the share count, pressuring existing shareholders and highlighting the company's reliance on frequent equity raises.
• Market reaction remains negative despite the company's small sub-$35 million market cap and relatively stable broader indices.