Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 29

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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,780 Restricted cash15,251 18,399 Loans, at FV (amortized cost of $153,915 and $173,654, respectively)169,693 183,084 Other assets2,799 2,457 Total assets$188,444 $205,720 Securitization notes payable$109,182 $137,569 Dividends payable850 — Other liabilities421 427 Total liabilities110,453 137,996 Net assets77,991 67,724 Total net assets$188,444 $205,720 

F-27

Selected Statements of Operations Information (Unaudited)Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Interest and other income$5,187 $5,722 $16,047 $12,405 Total expenses2,383 3,114 7,577 6,678 Net investment income2,804 2,608 8,470 5,727 Unrealized (depreciation) appreciation on investments(2,757)2,114 6,347 6,392 Realized loss on derivative transactions— (1,436)— (391)Unrealized gain on derivative transactions— 832 — 694 Net increase in net assets resulting from operations$47 $4,118 $14,817 $12,422 

Intelligent Protection Management Corp.On January 2, 2025, the Company completed the sale of its wholly owned subsidiary Newtek Technology Solutions, Inc. (“NTS”) to Paltalk, Inc. (subsequently renamed Intelligent Protection Management Corp. (“IPM”)) (Nasdaq: IPM) (the “NTS Sale”). In connection with the NTS Sale, the Company received the Closing Consideration consisting of $4.0 million Cash Consideration and 4.0 million shares of IPM Preferred Stock. Upon the occurrence of certain specified transfers of the IPM Preferred Stock, each share of IPM Preferred Stock will automatically convert into one share of common stock of IPM, subject to certain anti-dilution adjustments. In addition to the Closing Consideration, the Company may be entitled to receive an earn-out in an amount of up to $5.0 million, payable in cash, IPM Preferred Stock, or a combination thereof (