secwatch.observer — SEC 8-K summary
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Issuer:     QUAINT OAK BANCORP, INC. (QNTO)
CIK:        0001391933
Form:       8-K
Filed at:   2023-03-02T23:59:59+00:00
Accession:  0000927089-23-000020
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391933/000092708923000020/0000927089-23-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391933/000092708923000020/qnto20230228_8k.htm
  HTML page:      https://secwatch.observer/filing/0000927089-23-000020

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