secwatch.observer — SEC 8-K summary
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Issuer:     NewtekOne, Inc. (NEWT)
CIK:        0001587987
Form:       8-K
Filed at:   2025-08-14T23:59:59+00:00
Accession:  0001587987-25-000149
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NewtekOne to issue 2M depositary shares of 8.500% Series B Preferred Stock
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- Entered underwriting agreement with KBW and Raymond James to sell 2,000,000 depositary shares.
- Each depositary share represents a 1/40th interest in a share of 8.500% Series B Preferred Stock.
- Liquidation preference of $1,000 per preferred share ($25.00 per depositary share).
- Underwriters granted option to purchase up to an additional 150,000 depositary shares.
- The preferred stock is non-cumulative, perpetual, and has a fixed-rate reset feature.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587987/000158798725000149/0001587987-25-000149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587987/000158798725000149/newt-20250813.htm
  HTML page:      https://secwatch.observer/filing/0001587987-25-000149

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