secwatch.observer — SEC 8-K summary
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Issuer:     QUAINT OAK BANCORP, INC. (QNTO)
CIK:        0001391933
Form:       8-K
Filed at:   2023-03-21T23:59:59+00:00
Accession:  0000927089-23-000023
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quaint Oak Bancorp issues $2.0M of 8.5% subordinated notes due 2025
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- Issued $2.0M aggregate principal of fixed-rate subordinated notes due March 15, 2025.
- Notes bear 8.50% annual interest, payable semi-annually on March 15 and September 15.
- Notes are unsecured and subordinated to senior debt, including depositor claims.
- Net proceeds from the private placement will be used for general corporate purposes.
- Notes sold to accredited investors in reliance on Rule 506(b) of Regulation D.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391933/000092708923000023/0000927089-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391933/000092708923000023/qnto20230321_8k.htm
  HTML page:      https://secwatch.observer/filing/0000927089-23-000023

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