NewtekOne Files 8-K with Financial Exhibits

Ticker: NEWTH · Form: 8-K · Filed: May 28, 2024 · CIK: 1587987

Newtekone, Inc. 8-K Filing Summary
FieldDetail
CompanyNewtekone, Inc. (NEWTH)
Form Type8-K
Filed DateMay 28, 2024
Risk Levellow
Pages2
Reading Time2 min
Key Dollar Amounts$0.02, $62,500,000, $9,375,000
Sentimentneutral

Sentiment: neutral

Topics: 8-K, financial-exhibits, company-update

Related Tickers: NEWT

TL;DR

NEWT filed an 8-K with financial exhibits on 5/28, covering events from 5/22.

AI Summary

NewtekOne, Inc. filed an 8-K on May 28, 2024, reporting on events that occurred on May 22, 2024. The filing primarily concerns financial statements and exhibits, with no specific material events detailed in the provided text excerpt. The company, formerly known as Newtek Business Services Corp., is incorporated in Maryland and headquartered in Boca Raton, Florida.

Why It Matters

This filing indicates that NewtekOne is providing updated financial information and exhibits to the SEC, which is standard practice for public companies and may contain details relevant to investors.

Risk Assessment

Risk Level: low — The filing is a standard 8-K reporting financial exhibits, not indicating any immediate material adverse events.

Key Players & Entities

  • NewtekOne, Inc. (company) — Filer
  • Newtek Business Services Corp. (company) — Former Company Name
  • May 22, 2024 (date) — Earliest Event Reported
  • May 28, 2024 (date) — Date of Report
  • 4800 T Rex Avenue, Suite 120, Boca Raton, Florida 33431 (address) — Company Business Address

FAQ

What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is to report on 'Other Events' and 'Financial Statements and Exhibits' that occurred or were relevant as of May 22, 2024.

When was the report filed with the SEC?

The report was filed with the SEC on May 28, 2024.

What was the company's former name?

The company's former name was Newtek Business Services Corp.

In which state is NewtekOne, Inc. incorporated?

NewtekOne, Inc. is incorporated in Maryland.

What is the company's business address?

The company's business address is 4800 T Rex Avenue, Suite 120, Boca Raton, Florida 33431.

Filing Stats: 566 words · 2 min read · ~2 pages · Grade level 9.7 · Accepted 2024-05-28 16:24:28

Key Financial Figures

  • $0.02 — ich registered Common Stock, par value $0.02 per share NEWT Nasdaq Global Market LLC
  • $62,500,000 — e Company's issuance, offer and sale of $62,500,000 aggregate principal amount of the Compa
  • $9,375,000 — writers to purchase up to an additional $9,375,000 aggregate principal amount of the Notes

Filing Documents

01. Other Events

Item 8.01. Other Events. On May 22, 2024, NewtekOne, Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with Keefe, Bruyette & Woods, Inc., as representative of the several underwriters named in Exhibit A thereto (the "Underwriters"), in connection with the Company's issuance, offer and sale of $62,500,000 aggregate principal amount of the Company's 8.50% Fixed Rate Senior Notes due 2029 (the "Notes"). In addition, pursuant to the Underwriting Agreement, the Company granted an option to the Underwriters to purchase up to an additional $9,375,000 aggregate principal amount of the Notes. The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Underwriting Agreement filed with this report as Exhibit 1.1 and which is incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 1.1 Underwriting Agreement dated May 22, 2024 by and between NewtekOne, Inc. and Keefe, Bruyette & Woods, Inc., as representative of the several underwriters named therein.

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: May 28, 2024 By: /S/ B ARRY S LOANE Barry Sloane Chief Executive Officer, President and Chairman of the Board

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