NewtekOne creates Series B 8.5% Non-Cumulative Preferred Stock; files Articles Supplementary

NewtekOne, Inc.

Company authorized 53,750 shares of 8.500% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, with $1,000/sh liquidation preference.
Series B ranks senior to common stock and on parity with Series A Convertible Preferred; dividends on junior/parity stocks restricted until Series B dividends declared.
Creation supports previously disclosed underwritten public offering of 2,000,000 depositary shares (each representing 1/40 interest in Series B).
Articles Supplementary filed with Maryland State Department of Assessments and Taxation on August 19, 2025.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

NewtekOne, Inc.: Established 8.500% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, by filing Articles Supplementary (effective 2025-08-19).

Change: charter amendment
Effective: 2025-08-19

Exact text from the filing

On August 19, 2025, the Company filed the Articles Supplementary with the Maryland State Department of Assessments and Taxation amending the amended and restated articles of incorporation of the Company, as amended. The Articles Supplementary create the Series B Preferred Stock out of the authorized and unissued shares of stock of the Company, establishes the terms of the Series B Preferred Stock, fixes the authorized number of shares of Series B Preferred Stock to 53,750, and provides for certain other preferences, rights, voting powers, restrictions and limitations of the Series B Preferred Stock.

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NewtekOne, Inc. filing history →

Source: SEC EDGAR

accession 0001587987-25-000157

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