Quaint Oak Bancorp Inc (QNTO) has released an update.
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Quaint Oak Bancorp, Inc. has struck a deal with Fintech Holdings LLC, selling a significant stake of its shares for over $1 million. The agreement permits Fintech to buy additional shares, with conditions to ensure their ownership stays below a set threshold. These transactions are crafted to adhere to regulatory standards and are aimed at bolstering Quaint Oak’s general corporate ventures. The deal hinges on various standard legal and market conditions and provides Fintech a window of opportunity to increase its investment within a defined period.
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