Item 1.01 Entry Into a Material Definitive Agreement
On
As previously disclosed, on
The purpose of the Amendment was to:
(i) clarify that the purchase price per share of the Additional Shares is based
on the thirty (30) day volume weighted average closing price of the Common
Stock as of the day immediately preceding the closing of the sale of the
Additional Shares; and (ii) extend untilApril 30, 2023 , the right of the Company and FNCB to terminate
the Stock Purchase Agreement if the purchase of the Additional Shares has not occurred on or before such date.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to, and incorporated herein by reference, the full text of the Amendment, which is filed herewith as Exhibit 10.1.
This Current Report on Form 8-K shall not constitute an offer to sell or a solicitation of an offer to buy any shares of Common Stock, nor shall there be any sale of shares of Common Stock in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
The following exhibits are included with this Report:
Exhibit Number Description 10.1 Amendment No. 1 to Stock Purchase Agreement betweenQuaint Oak Bancorp, Inc. and FNCB Bancorp, Inc., dated as ofApril 3, 2023 104 Cover Page Interactive Date File (embedded within the Inline XBRL document)
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