Quaint Oak Bancorp, Inc. announced that it has entered into a Stock Purchase Agreement with new investor, ItalBank International, Inc., the company issued 117,125 shares of common stock, par value $0.01 per share, of the company, or approximately 4.9% of the pro forma outstanding shares of Common Stock, for a purchase price of $13.87 per share for an aggregate gross proceeds of $1,624,524 on November 2, 2023.