Parabolic Technologies Prices $13.5 Million Public Offering, Shares Plunge 89% in Premarket Trading

Parabolic Technologies, Inc. (PARA), formerly known as Banzai International, priced a $13.5 million underwritten public offering on November 4, 2026, according to company announcements on Yahoo Finance and Nasdaq. The deal was met with an immediate and severe market reaction, with shares falling approximately 89% in premarket trading after the pricing was announced.

The offering represents a significant capital raise for the company, which only recently rebranded from Banzai International to Parabolic Technologies effective October 27, 2026. The steep premarket decline signals heavy shareholder dilution concerns, consistent with the company's very low market capitalization and a history of prior small-scale offerings.