NewtekOne Updates Registered Securities on Nasdaq
Ticker: NEWTH · Form: 8-K · Filed: Jan 9, 2024 · CIK: 1587987
| Field | Detail |
|---|---|
| Company | Newtekone, Inc. (NEWTH) |
| Form Type | 8-K |
| Filed Date | Jan 9, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.02 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, debt, equity, securities-registration
TL;DR
**NewtekOne just confirmed its listed stocks and bonds on Nasdaq.**
AI Summary
NewtekOne, Inc. filed an 8-K on January 9, 2024, to report an "Entry into a Material Definitive Agreement." This filing primarily updates the company's registered securities on the Nasdaq Global Market LLC, including its Common Stock (NEWT) and various notes: 5.75% Notes due 2024 (NEWTL), 5.50% Notes due 2026 (NEWTZ), and 8.00% Notes due 2028 (NEWTI). For investors, this matters because it confirms the active trading status and details of the company's publicly listed debt and equity, providing transparency on its capital structure.
Why It Matters
This filing provides current details on NewtekOne's publicly traded securities, which is crucial for investors to understand the company's capital structure and liquidity of its various financial instruments.
Risk Assessment
Risk Level: low — This filing is purely informational, updating registered securities, and does not introduce new financial risks or obligations.
Analyst Insight
A smart investor would use this filing to verify the current trading symbols and details of NewtekOne's equity and debt instruments, especially if considering trading its notes, and confirm the company's ongoing compliance with SEC reporting requirements.
Key Numbers
- $0.02 — Common Stock Par Value (per share par value for NewtekOne's common stock)
- 5.75% — Notes Due 2024 Interest Rate (interest rate for NewtekOne's notes maturing in 2024)
- 5.50% — Notes Due 2026 Interest Rate (interest rate for NewtekOne's notes maturing in 2026)
- 8.00% — Notes Due 2028 Interest Rate (interest rate for NewtekOne's notes maturing in 2028)
Key Players & Entities
- NewtekOne, Inc. (company) — the filer of the 8-K
- Nasdaq Global Market LLC (company) — the exchange where securities are registered
- $0.02 (dollar_amount) — par value per share of Common Stock
- January 9, 2024 (date) — date of the earliest event reported and filing date
Forward-Looking Statements
- NewtekOne's 5.75% Notes due 2024 (NEWTL) will mature as scheduled. (NewtekOne, Inc.) — high confidence, target: 2024
- The listed securities will continue to trade on the Nasdaq Global Market LLC. (Nasdaq Global Market LLC) — high confidence, target: Ongoing
FAQ
What is the purpose of NewtekOne, Inc.'s 8-K filing dated January 9, 2024?
The purpose of NewtekOne, Inc.'s 8-K filing on January 9, 2024, is to report an "Entry into a Material Definitive Agreement," specifically updating information regarding its securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934.
Which specific securities of NewtekOne, Inc. are mentioned as registered on the Nasdaq Global Market LLC in this filing?
The filing mentions the following securities registered on the Nasdaq Global Market LLC: Common Stock, par value $0.02 per share (Trading Symbol: NEWT), 5.75% Notes due 2024 (Trading Symbol: NEWTL), 5.50% Notes due 2026 (Trading Symbol: NEWTZ), and 8.00% Notes due 2028 (Trading Symbol: NEWTI).
What is the par value of NewtekOne, Inc.'s Common Stock as stated in the filing?
The par value of NewtekOne, Inc.'s Common Stock is stated as $0.02 per share in the filing.
What are the maturity dates and interest rates for the various notes listed by NewtekOne, Inc.?
NewtekOne, Inc. lists 5.75% Notes due 2024, 5.50% Notes due 2026, and 8.00% Notes due 2028, indicating their respective interest rates and maturity years.
What is NewtekOne, Inc.'s business address and telephone number according to the filing?
According to the filing, NewtekOne, Inc.'s business address is 4800 T Rex Avenue, Suite 120, Boca Raton, Florida 33431, and its telephone number is (212) 356-9500.
Filing Stats: 671 words · 3 min read · ~2 pages · Grade level 10.7 · Accepted 2024-01-09 08:05:58
Key Financial Figures
- $0.02 — ich registered Common Stock, par value $0.02 per share NEWT Nasdaq Global Market LLC
Filing Documents
- newt-20240109.htm (8-K) — 28KB
- 0001587987-24-000002.txt ( ) — 210KB
- newt-20240109.xsd (EX-101.SCH) — 4KB
- newt-20240109_def.xml (EX-101.DEF) — 17KB
- newt-20240109_lab.xml (EX-101.LAB) — 34KB
- newt-20240109_pre.xml (EX-101.PRE) — 17KB
- newt-20240109_htm.xml (XML) — 6KB
Forward-Looking Statements
Forward-Looking Statements
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On January 5, 2024, NewtekOne, Inc.'s subsidiary, Newtek Bank, National Association ("Newtek Bank"), entered into an Amendment to Employment Agreement with Mr. Nicolas Young, Newtek Bank's President and Chief Operating Officer, effective as of January 5, 2024 (the "Amendment"). The Amendment extends Mr. Young's Employment Agreement, dated as of January 6, 2023 (the "Employment Agreement"), through March 1, 2024. All other terms of the Employment Agreement are unchanged. The foregoing description of the terms of the Amendment is qualified in its entirety by the terms of the Amendment, which will be filed as an exhibit to the Company's next Quarterly Report on Form 10-Q, and the Employment Agreement, which was filed as Exhibit 10.19 to the Company's Annual Report on Form 10-K for the period ended December 31, 2022.
SIGNATURES
SIGNATURES In accordance with the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. NEWTEKONE, INC. Date: January 9, 2024 By: /S/ B ARRY S LOANE Barry Sloane Chief Executive Officer, President and Chairman of the Board