QNB plans to list on Nasdaq under ticker QNBC after raising funds for corporate purposes and debt redemption.
QNB announced an underwritten public offering of its common stock, with underwriters holding a 30-day option to purchase additional shares. The company secured approval to list on the Nasdaq Capital Market under the symbol QNBC.
Proceeds from the offering will support general corporate needs, including balance sheet restructuring, loan growth, and capital ratio improvements. Funds may also be used to redeem subordinated notes and fuel further expansion.
The move follows QNB’s efforts to strengthen its financial position ahead of its Nasdaq debut, though market reaction details were not disclosed.