other_material
confidence high
sentiment neutral
materiality 0.50
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.
item 3.03item 5.03item 8.01item 9.01