secwatch.observer — SEC 8-K summary
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Issuer:     QUAINT OAK BANCORP, INC. (QNTO)
CIK:        0001391933
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0000927089-24-000034
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quaint Oak Bancorp sells 3.4% stake to Fintech Holdings for $1M; may sell additional shares
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- On Feb 14, 2024, Quaint Oak issued 84,818 shares at $11.79/share to Fintech Holdings for $1,000,004.
- Fintech has option to buy up to 39,217 more shares (VWAP pricing) within 120 days, capped at 4.9% ownership.
- Sale exempt under Section 4(a)(2) and Rule 506(b); Fintech represented as accredited investor.
- Net proceeds will be used for general corporate purposes.
- Post-sale, Fintech holds approximately 3.4% of Quaint Oak common stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391933/000092708924000034/0000927089-24-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391933/000092708924000034/qnto20240214_8k.htm
  HTML page:      https://secwatch.observer/filing/0000927089-24-000034

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer