---
schema_version: "secwatch.filing_event.v1"
accession: "0001587987-25-000002"
form_type: "8-K"
ticker: "NEWT"
cik: "0001587987"
company_name: "NewtekOne, Inc."
filed_at: "2025-01-02T23:59:59+00:00"
generated_at: "2026-05-28T18:14:52.406012+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NewtekOne completes sale of NTS to Paltalk for $4M cash + 4M preferred shares, plus earn-out

## Summary
- Sale of Newtek Technology Solutions to Paltalk closed Jan 2, 2025; consideration $4M cash and 4M shares of Paltalk non-voting preferred (convertible to common).
- Potential earn-out of up to $5M based on Paltalk's cumulative adjusted EBITDA for fiscal years 2025-2026.
- NewtekOne gains one board seat on Paltalk's board post-closing.
- Divestiture fulfills Federal Reserve commitment after NewtekOne's acquisition of Newtek Bank and transition to financial holding company.

## SEC filing metadata
- accession: 0001587987-25-000002
- form_type: 8-K
- ticker: NEWT
- cik: 0001587987
- company_name: NewtekOne, Inc.
- filed_at: 2025-01-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1587987/000158798725000002/0001587987-25-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1587987/000158798725000002/newt-20250102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001587987-25-000002
- JSON: https://secwatch.observer/filing/0001587987-25-000002.json
- Plain text: https://secwatch.observer/filing/0001587987-25-000002.txt

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