QNB Corp. (Nasdaq: QNBC), the parent company of QNB Bank, has moved its stock listing from the OTC exchange to the Nasdaq Capital Market and completed a public offering that raised approximately $48.3 million. The company sold 1,232,142 common shares, including 160,714 shares purchased through the underwriters’ fully exercised overallotment option at $42 per share, less underwriting discounts and commissions. QNB Corp. expects to use net proceeds for general corporate purposes, including potentially repositioning part of its available-for-sale fixed-income securities portfolio, redeeming subordinated notes, funding new loans, supporting capital ratios and continuing growth.