secwatch.observer — SEC 8-K summary
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Issuer:     NewtekOne, Inc. (NEWT)
CIK:        0001587987
Form:       8-K
Filed at:   2025-08-21T23:59:59+00:00
Accession:  0001587987-25-000157
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587987/000158798725000157/0001587987-25-000157-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587987/000158798725000157/newt-20250819.htm
  HTML page:      https://secwatch.observer/filing/0001587987-25-000157

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer