QNB Debuts on Nasdaq, Raises $48.3 Million

QNB Corp. and QNB Bank announced an underwritten public offering of 1,071,428 shares at $42.00, with a 30-day option for 160,714 shares that was fully exercised, and the deal includes a Nasdaq listing move from OTCQX, marking a significant capital-raising and market visibility milestone. The offering is expected to raise approximately $48.3 million in net proceeds to support balance-sheet restructuring, redemption of subordinated notes, new loan growth, and capital ratio strengthening, with an expected close around August 21, 2026. Proceeds will be used for general corporate purposes, including repositioning fixed income securities and ongoing growth, as part of broader corporate financing activity already disclosed in related filings. The overallotment option was exercised in full, bringing total shares sold to 1,232,142 and reinforcing the scope of the offering, with Brean Capital and Performance Trust Capital Partners acting as underwriters. These transactions have been corroborated by multiple press releases and filings, underscoring the plan to enhance liquidity and market access for QNBC shares.