NewtekOne 8-K: Updates Registered Securities, Signals Financial Results
Ticker: NEWTH · Form: 8-K · Filed: Feb 7, 2024 · CIK: 1587987
| Field | Detail |
|---|---|
| Company | Newtekone, Inc. (NEWTH) |
| Form Type | 8-K |
| Filed Date | Feb 7, 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, securities-registration, financial-condition
TL;DR
**NewtekOne just filed an 8-K updating its listed securities, signaling upcoming financial results.**
AI Summary
NewtekOne, Inc. filed an 8-K on February 7, 2024, reporting an event on February 6, 2024, related to its 'Results of Operations and Financial Condition.' This filing updates the company's registered securities, including its Common Stock (NEWT), 5.75% Notes due 2024 (NEWTL), 5.50% Notes due 2026 (NEWTZ), and 8.00% Notes due 2028 (NEWTI), all listed on the Nasdaq Global Market LLC. This matters to investors because it confirms the current status of their publicly traded securities and indicates that financial results information is forthcoming, which will impact the stock's valuation.
Why It Matters
This filing confirms the current listing status of NewtekOne's various securities and signals that the company is preparing to release or has released information regarding its financial performance, which is crucial for investor decision-making.
Risk Assessment
Risk Level: low — This filing is primarily administrative, updating registered securities information and indicating an upcoming financial disclosure, which is standard procedure and does not inherently present high risk.
Analyst Insight
Investors should monitor NewtekOne's upcoming financial disclosures, as this 8-K indicates that 'Results of Operations and Financial Condition' information is being addressed. Pay close attention to the performance metrics and any commentary on the outstanding notes, especially the 2024 maturity.
Key Numbers
- $0.02 — Common Stock Par Value (The par value per share for NewtekOne's common stock.)
- 5.75% — Notes due 2024 Interest Rate (The interest rate for NewtekOne's notes maturing in 2024.)
- 5.50% — Notes due 2026 Interest Rate (The interest rate for NewtekOne's notes maturing in 2026.)
- 8.00% — Notes due 2028 Interest Rate (The 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 NewtekOne's securities are registered
- $0.02 (dollar_amount) — par value per share of Common Stock
- February 6, 2024 (date) — date of the earliest event reported
- February 7, 2024 (date) — date the 8-K was filed
Forward-Looking Statements
- NewtekOne will release its full financial results for the period ending December 31, 2023, shortly after this filing. (NewtekOne, Inc.) — high confidence, target: 2024-03-31
- The 5.75% Notes due 2024 (NEWTL) will be redeemed or refinanced by NewtekOne before their maturity date. (NewtekOne, Inc.) — medium confidence, target: 2024-12-31
FAQ
What is the purpose of this 8-K filing by NewtekOne, Inc.?
This 8-K filing, dated February 7, 2024, reports an event on February 6, 2024, under 'Item 2.02 Results of Operations and Financial Condition.' It primarily updates the company's registered securities pursuant to Section 12(b) of the Securities Exchange Act of 1934.
Which specific securities of NewtekOne, Inc. are mentioned as registered in this filing?
The filing lists four specific securities: 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).
On which exchange are NewtekOne's registered securities traded?
All the listed securities of NewtekOne, Inc. (NEWT, NEWTL, NEWTZ, NEWTI) are registered on the Nasdaq Global Market LLC.
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 6, 2024, as indicated by the 'Date of Report (date of Earliest Event Reported)'.
What is the par value of NewtekOne's Common Stock as stated in the filing?
The Common Stock of NewtekOne, Inc. has a par value of $0.02 per share, as specified in the filing.
Filing Stats: 638 words · 3 min read · ~2 pages · Grade level 10 · Accepted 2024-02-06 18:02:43
Key Financial Figures
- $0.02 — ich registered Common Stock, par value $0.02 per share NEWT Nasdaq Global Market LLC
Filing Documents
- newt-20240206.htm (8-K) — 32KB
- january2024loanpipelinep.htm (EX-99.1) — 8KB
- january2024loanpipelinep001.jpg (GRAPHIC) — 188KB
- january2024loanpipelinep002.jpg (GRAPHIC) — 191KB
- january2024loanpipelinep003.jpg (GRAPHIC) — 151KB
- 0001587987-24-000033.txt ( ) — 959KB
- newt-20240206.xsd (EX-101.SCH) — 4KB
- newt-20240206_def.xml (EX-101.DEF) — 17KB
- newt-20240206_lab.xml (EX-101.LAB) — 34KB
- newt-20240206_pre.xml (EX-101.PRE) — 17KB
- newt-20240206_htm.xml (XML) — 6KB
Forward-Looking Statements
Forward-Looking Statements
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On February 5, 2024, the Company issued a press release announcing "NewtekOne, Inc. Begins 2024 with Strong January Loan Pipeline Growth." A copy of the Press Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in this report shall be deemed "filed" for purposes of the Securities Exchange Act of 1934, as amended.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release, dated February 5 , 202 4 , entitled " NewtekOne, Inc. Begins 2024 with Strong January Loan Pipeline Growth "
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: February 6, 2024 By: /S/ B ARRY S LOANE Barry Sloane Chief Executive Officer, President and Chairman of the Board