---
schema_version: "secwatch.filing_event.v1"
accession: "0000927089-22-000126"
form_type: "8-K"
ticker: "QNTO"
cik: "0001391933"
company_name: "QUAINT OAK BANCORP, INC."
filed_at: "2022-12-13T23:59:59+00:00"
generated_at: "2026-06-21T05:16:38.856451+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Quaint Oak sells ~4.9% stake to FNCB at $22.50/sh; second closing up to 9.9% pending regulatory OK

## Summary
- Sold 105,904 shares (4.9% of outstanding) to FNCB Bancorp on Dec. 12, 2022 for $2,382,840 at $22.50/share.
- Agreement permits up to 116,292 additional shares (second closing) capped at 9.9% beneficial ownership.
- Second closing subject to Federal Reserve approval, no MAE, and must close by March 12, 2023.
- Company to contribute $2.3M of net proceeds to Quaint Oak Bank for general corporate purposes.
- PNC FIG Advisory served as exclusive placement agent for the offering.

## SEC filing metadata
- accession: 0000927089-22-000126
- form_type: 8-K
- ticker: QNTO
- cik: 0001391933
- company_name: QUAINT OAK BANCORP, INC.
- filed_at: 2022-12-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1391933/000092708922000126/0000927089-22-000126-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1391933/000092708922000126/qnto20221212_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000927089-22-000126
- JSON: https://secwatch.observer/filing/0000927089-22-000126.json
- Plain text: https://secwatch.observer/filing/0000927089-22-000126.txt

## Key facts
- Material Agreements
  QUAINT OAK BANCORP, INC. entered into Purchase Agreement with FNCB Bancorp, Inc. valued at up to 222,196 shares of common stock, par value $0.01 per share (effective 2022-12-12).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: FNCB Bancorp, Inc.
  - Value: up to 222,196 shares of common stock, par value $0.01 per share
  - Effective: 2022-12-12
  source text: On December 12, 2022, Quaint Oak Bancorp, Inc. (the "Company") entered into a Stock Purchase Agreement (the “Purchase Agreement”) with FNCB Bancorp, Inc. (“FNCB”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1391933/000092708922000126/0000927089-22-000126-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.