11:56 AM EDT, 03/24/2026 (MT Newswires) -- ParaZero Technologies ( PRZO ) said Tuesday it has closed a direct offering of about $4 million of shares and pre-funded warrants at $0.75 per share to a single institutional investor.

Net proceeds will be used for general corporate purposes and working capital, the firm said.

Shares of the company were down over 6% in midday trading.

Price: 0.81, Change: -0.06, Percent Change: -6.90