---
schema_version: "secwatch.filing_event.v1"
accession: "0000927089-23-000020"
form_type: "8-K"
ticker: "QNTO"
cik: "0001391933"
company_name: "QUAINT OAK BANCORP, INC."
filed_at: "2023-03-02T23:59:59+00:00"
generated_at: "2026-06-18T14:42:50.253578+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Quaint Oak Bancorp completes $12M subordinated debt offering at 8.50% due 2025

## Summary
- Issued $12.0M aggregate principal of fixed-rate subordinated notes due March 15, 2025.
- Notes bear interest at 8.50% per annum, payable semi-annually on March 15 and September 15.
- Net proceeds to be used for general corporate purposes; notes redeemable after March 15, 2024.
- Notes are unsecured, subordinated obligations ranking junior to all senior indebtedness.
- PNC FIG Advisory served as exclusive placement agent for the private offering.

## SEC filing metadata
- accession: 0000927089-23-000020
- form_type: 8-K
- ticker: QNTO
- cik: 0001391933
- company_name: QUAINT OAK BANCORP, INC.
- filed_at: 2023-03-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1391933/000092708923000020/0000927089-23-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1391933/000092708923000020/qnto20230228_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000927089-23-000020
- JSON: https://secwatch.observer/filing/0000927089-23-000020.json
- Plain text: https://secwatch.observer/filing/0000927089-23-000020.txt

## Key facts
- Debt Financings
  QUAINT OAK BANCORP, INC. incurred senior notes of $12.0 million with qualified institutional buyers at 8.50% maturing March 15, 2025.
  - Instrument: senior notes
  - Principal: $12.0 million
  - Counterparty: qualified institutional buyers
  - Rate: 8.50%
  - Maturity: March 15, 2025
  - Event: incurrence
  source text: On March 2, 2023, Quaint Oak Bancorp, Inc. (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) with qualified institutional buyers under which the Company issued an aggregate of $12.0 million of fixed rate subordinated notes due March 15, 2025 (the “Notes”) in a private placement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1391933/000092708923000020/0000927089-23-000020-index.htm
- Material Agreements
  QUAINT OAK BANCORP, INC. entered into Subordinated Note Purchase Agreement with qualified institutional buyers valued at $12.0 million (effective 2023-03-02).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: qualified institutional buyers
  - Value: $12.0 million
  - Effective: 2023-03-02
  source text: On March 2, 2023, Quaint Oak Bancorp, Inc. (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) with qualified institutional buyers under which the Company issued an aggregate of $12.0 million of fixed rate subordinated notes due March 15, 2025 (the “Notes”) in a private placement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1391933/000092708923000020/0000927089-23-000020-index.htm

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