---
schema_version: "secwatch.filing_event.v1"
accession: "0001587987-23-000047"
form_type: "8-K"
ticker: "NEWT"
cik: "0001587987"
company_name: "NewtekOne, Inc."
filed_at: "2023-02-07T23:59:59+00:00"
generated_at: "2026-06-19T22:53:34.643780+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NewtekOne raises $20M via Series A Preferred and warrants in private placement to Patriot Financial Partners

## Summary
- Raised $20M via 20,000 shares of Series A Preferred at $1,000/share; cumulative 8% dividend, convertible at 20% premium to 30-day VWAP.
- Issued warrants to purchase 47,540 common shares at $21.03468 (20% premium), exercisable for 10 years, net share settlement.
- Investor receives board observer rights; upon trigger events (bank undercapitalized, consent order, or CEO departure), right to nominate director to NewtekOne board.
- Investor must hold at least 50% of original Shares to retain board/observer rights and information rights.
- Registration rights allow investor to request registration after five years; piggyback rights on company offerings.

## SEC filing metadata
- accession: 0001587987-23-000047
- form_type: 8-K
- ticker: NEWT
- cik: 0001587987
- company_name: NewtekOne, Inc.
- filed_at: 2023-02-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1587987/000158798723000047/0001587987-23-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1587987/000158798723000047/newt-20230207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001587987-23-000047
- JSON: https://secwatch.observer/filing/0001587987-23-000047.json
- Plain text: https://secwatch.observer/filing/0001587987-23-000047.txt

## Key facts
- Governance Changes
  NewtekOne, Inc.: Designated 20,000 shares as Series A Convertible Preferred Stock via Articles Supplementary (effective 2023-02-03).
  - Change: charter amendment
  - Effective: 2023-02-03
  source text: On February 3, 2023, the Company, in connection with the issuance of its Series A Preferred Stock described above, designated 20,000 shares of its authorized and unissued stock as Series A Convertible Preferred Stock and filed Articles Supplementary to the Company’s amended and restated charter with the State Department of Assessments and Taxation of Maryland
  evidence_url: https://www.sec.gov/Archives/edgar/data/1587987/000158798723000047/0001587987-23-000047-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.