secwatch.observer — SEC 8-K summary
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Issuer:     NewtekOne, Inc. (NEWT)
CIK:        0001587987
Form:       8-K
Filed at:   2025-08-26T23:59:59+00:00
Accession:  0001587987-25-000161
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NewtekOne closes $48.4M preferred stock offering; tier one capital ratio to 19.2%
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- Closed offering of 2M depositary shares representing Series B 8.5% preferred stock; net proceeds ~$48.4M.
- Underwriters have 30-day option for up to 150,000 additional depositary shares.
- Pro forma tier one capital ratio rises from 16.1% to 19.2%; tier one capital up 19% to $305M.
- Proceeds to fund investments, repay debt, and for general corporate purposes.
- Applied to list on Nasdaq under symbol NEWTP.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587987/000158798725000161/0001587987-25-000161-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587987/000158798725000161/newt-20250825.htm
  HTML page:      https://secwatch.observer/filing/0001587987-25-000161

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