Quaint Oak Bancorp's amended stock purchase pact with FNCB terminated after deadline

QUAINT OAK BANCORP, INC.

FNCB terminated the Amended Stock Purchase Agreement on May 2, 2023, as permitted.
Sale of up to 116,292 additional shares not completed by the April 30, 2023 deadline.
No termination penalties incurred by either party.
Initial sale of 105,904 shares closed December 12, 2022 remains unaffected.
Representations and warranties survive for one year after delivery of Shares.

item 1.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

QUAINT OAK BANCORP, INC. terminated Amended Stock Purchase Agreement with FNCB Bancorp, Inc. (effective 2023-05-02).

Action: termination
Agreement: equity purchase
Counterparty: FNCB Bancorp, Inc.
Effective: 2023-05-02

Exact text from the filing

Effective May 2, 2023, FNCB informed the Company that it was terminating the Amended Stock Purchase Agreement as permitted under the terms of the Amended Stock Purchase Agreement.

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QUAINT OAK BANCORP, INC. filing history →

Source: SEC EDGAR

accession 0000927089-23-000068

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