Net proceeds earmarked for general corporate purposes, including balance sheet restructuring, subordinated notes redemption, loan growth, and capital support.
Closing of the overallotment option expected on or about Aug. 21, 2026.
Underwriters exercise overallotment option in full
QNB Corp.’s underwriters exercised the overallotment option in full for 160,714 additional common shares at USD 42 per share.
Deal size rose to 1,232,142 shares, lifting expected gross proceeds to about USD 48.3 million.
Expected incremental proceeds from the option were about USD 6.3 million, net of underwriting discounts and commissions.
QNBC•
