---
schema_version: "secwatch.filing_event.v1"
accession: "0000927089-23-000144"
form_type: "8-K"
ticker: "QNTO"
cik: "0001391933"
company_name: "QUAINT OAK BANCORP, INC."
filed_at: "2023-11-03T23:59:59+00:00"
generated_at: "2026-06-08T22:13:37.068170+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Quaint Oak Bancorp sells 117K shares (4.9%) to ItalBank at $13.87/share for $1.62M

## Summary
- Sold 117,125 shares of common stock to ItalBank International at $13.87 per share, aggregate $1,624,524.
- Sale represents approximately 4.9% of pro forma outstanding common stock; net proceeds for general corporate purposes.
- ItalBank represented as accredited investor; shares issued under Section 4(a)(2) and Rule 506(b) exemption.
- Closing occurred on November 2, 2023; customary representations, warranties, and conditions included.

## SEC filing metadata
- accession: 0000927089-23-000144
- form_type: 8-K
- ticker: QNTO
- cik: 0001391933
- company_name: QUAINT OAK BANCORP, INC.
- filed_at: 2023-11-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1391933/000092708923000144/0000927089-23-000144-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1391933/000092708923000144/qnto20231101_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000927089-23-000144
- JSON: https://secwatch.observer/filing/0000927089-23-000144.json
- Plain text: https://secwatch.observer/filing/0000927089-23-000144.txt

## Key facts
- Material Agreements
  QUAINT OAK BANCORP, INC. entered into Stock Purchase Agreement with ItalBank International Inc. valued at $1,624,524 (effective 2023-11-02).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: ItalBank International Inc.
  - Value: $1,624,524
  - Effective: 2023-11-02
  source text: On November 2, 2023, Quaint Oak Bancorp, Inc., a Pennsylvania corporation and the holding company for Quaint Oak Bank (the "Company"), entered into a Stock Purchase Agreement (the “Purchase Agreement”) with ItalBank International Inc., an international banking entity incorporated in the Commonwealth of Puerto Rico (“ItalBank”). Pursuant to the Purchase Agreement, on November 2, 2023 the Company sold to ItalBank 117,125 shares of common stock, par value $0.01 per share, of the Company (“Common Stock”) (the “Shares”), or approximately 4.9% of the pro forma outstanding shares of Common Stock, for a purchase price of $13.87 per share (for an aggregate of $1,624,524).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1391933/000092708923000144/0000927089-23-000144-index.htm

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