secwatch.observer — SEC 8-K summary
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Issuer:     QUAINT OAK BANCORP, INC. (QNTO)
CIK:        0001391933
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0000927089-23-000144
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391933/000092708923000144/0000927089-23-000144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391933/000092708923000144/qnto20231101_8k.htm
  HTML page:      https://secwatch.observer/filing/0000927089-23-000144

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