QNB Corp. (NASDAQ: QNBC) Completes Nasdaq Listing and $48.3 Million Public Offering

Font: Financial Modeling Prep  • Aug 20, 2026

• QNB Corp. has successfully transitioned its stock listing from the OTC exchange to the Nasdaq Capital Market.
• The company completed a public offering, raising approximately $48.30 million through the sale of 1.23 million shares, including a fully exercised overallotment option.
• Proceeds from the offering will be utilized for general corporate purposes, including balance sheet restructuring, debt redemption, and supporting future growth and capital ratios.

QNB Corp. (NASDAQ: QNBC) is the parent company of QNB Bank. The company is moving its stock from the OTC exchange to the Nasdaq Capital Market. This significant Nasdaq listing is part of a major financial event for the company, involving a new public offering of its common stock to raise capital for its operations.

As highlighted by GlobeNewswire, QNB Corp. launched an underwritten public offering of 1,071,428 shares at $42.00 per share. This initial equity offering is expected to raise about $42.30 million after fees. An underwritten offering means investment banks, in this case led by Brean Capital, LLC, agree to sell the shares to the public.

The public offering included a 30-day overallotment option for underwriters to buy more shares. This option was fully exercised, leading to the purchase of an additional 160,714 shares at the same $42.00 price. An overallotment option is a common feature that allows underwriters to sell more shares than originally planned if demand is high.

The exercise of the overallotment option is expected to generate an additional $6.30 million in proceeds. This brings the total funds raised from the combined offering to approximately $48.30 million before operating expenses. The total number of shares sold in the public offering now reaches 1.23 million.

QNB Corp. plans to use the net proceeds for general corporate purposes. This includes restructuring its balance sheet by repositioning some investments. The funds will also be used to redeem debt, fund new loans, and support the company's continued growth and capital ratios.