Newtek extends acquisition termination date for NBNYC to Jan 23, 2023

NewtekOne, Inc.

Amendment No. 3 to Stock Purchase Agreement with National Bank of New York City extends seller/company termination right to January 23, 2023.
Original termination date was January 3, 2022; all other closing conditions remain unchanged.
Newtek will acquire all outstanding stock of NBNYC upon satisfaction of remaining conditions.

Key facts

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NewtekOne, Inc. amended Amendment No. 3 to the Stock Purchase Agreement with the National Bank of New York City and certain NBNYC shareholders (effective 2022-12-12).

Action: amendment
Agreement: merger
Counterparty: the National Bank of New York City and certain NBNYC shareholders
Effective: 2022-12-12

Exact text from the filing

On December 12, 2022, Newtek Business Services Corp. (the “Company”) entered into Amendment No. 3 (the “Amendment”) to the Stock Purchase Agreement with the National Bank of New York City (“NBNYC”) and certain NBNYC shareholders (the “Sellers”), pursuant to which the Company will acquire all of the issued and outstanding stock of NBNYC, subject to satisfaction of the remaining closing conditions.

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NewtekOne, Inc. filing history →

Source: SEC EDGAR

accession 0001587987-22-000143

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