Patriot Financial Partners, L.P. Exchanges NewtekOne, Inc. Convertible Preferred Shares for Common Equity and Makes $10 Million Incremental Investment
Newtek Business Services Corp. (NEWT)
Last newtek business services corp. earnings: 11/6 04:05 pm
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US:NASDAQ Investor Relations:
investor.newtekbusinessservices.com
Company Research
Source: GlobeNewswire
BOCA RATON, Fla., Sept. 17, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (“NewtekOne” or the “Company”) (NASDAQ: NEWT) and Patriot Financial Partners, L.P. (“Patriot”) announced today that they have completed a transaction pursuant to which in exchange for all of Patriot’s 20,000 shares of the Company’s convertible preferred stock, Series A, $0.02 par value per share (the “Series A Preferred Stock”) and $10.0 million in cash, the Company issued to Patriot 2,307,692 shares of its common stock, par value $0.02 per share (the “Common Shares”). With the exchange, Patriot relinquishes the right to convert the 20,000 shares of convertible preferred stock into 950,800 shares of common stock. The Common Shares were issued to Patriot in a private placement transaction in reliance on Section 4(a)(2) of the Securities Act of 1933, as amended. The Common Shares are subject to, among other things, a two-year transfer restriction. The transaction is expected to boost the Company’s common equity ti
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NEWT
News
- NewtekOne, Inc. Commences Exchange Offer for 2026 NotesGlobeNewswire
- NewtekOne, Inc. Announces Investor/Analyst Day and Provides 4Q25 UpdateGlobeNewswire
- Newtek Merchant Solutions Hires Justine Martin as Chief Revenue OfficerGlobeNewswire
- NewtekOne, Inc. Reports 3Q25 and Year-to-Date 2025 Basic and Diluted EPS of $0.68 and $0.67 and $1.57 and $1.54GlobeNewswire
- NewtekOne, Inc. to Report Third Quarter 2025 Results and Host a Conference Call on Wednesday, October 29, 2025GlobeNewswire
NEWT
Earnings
- 10/29/25 - Beat
NEWT
Sec Filings
- 12/1/25 - Form 8-K
- 12/1/25 - Form 8-K
- 12/1/25 - Form 424B3
- NEWT's page on the SEC website