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GlobeNewswire·

QNB Corp. Announces Exercise of Overallotment Option of 160,714 Shares of Common Stock

QNBC
  • QNB Corp. announced the full exercise of the overallotment option to purchase an additional 160,714 shares of common stock at $42.00 per share.
  • The exercise generated approximately $6.3 million in proceeds, bringing the total combined offering proceeds to $48.3 million.
  • The full exercise increased the total number of shares sold in the public offering to 1,232,142 shares.
  • QNB Corp. intends to use the net proceeds for general corporate purposes, including balance sheet restructuring, redemption of subordinated notes, funding new loans, and supporting capital ratios.
  • Brean Capital, LLC serves as the lead book-running manager, while Performance Trust Capital Partners, LLC acts as the joint book-running manager.
  • The overallotment option is expected to close on or about August 21, 2026, subject to customary conditions.
  • The offering was made pursuant to an SEC-effective Form S-3 registration statement filed on August 14, 2026.
  • QNB Corp. trades on the Nasdaq Capital Market under the ticker symbol "QNBC" and is the parent company of QNB Bank.