Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 26

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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. The following tables show certain summarized financial information for TSO JV:Selected Statements of Assets and Liabilities Information (Unaudited)June 30, 2025December 31, 2024Cash$1,023 $1,780 Restricted cash10,153 18,399 Loans, at FV (amortized cost of $165,159 and $173,654, respectively)183,694 183,084 Other assets3,193 5,112 Total assets$198,063 $208,375 Securitization notes payable$117,709 $140,224 Dividends Payable1,200 — Other liabilities360 427 Total liabilities119,269 140,651 Net assets78,794 67,724 Total net assets$198,063 $208,375 Selected Statements of Operations Information (Unaudited)Three Months Ended June 30,Six Months Ended June 30,2025202420252024Interest and other income$5,562 $4,340 $10,860 $6,683 Total expenses2,521 2,100 5,194 3,564 Net investment income3,041 2,240 5,666 3,119 Unrealized appreciation (depreciation) on investments(533)3,406 9,104 4,278 Realized gain on derivative transactions— 781 — 1,046 Unrealized loss on derivative transactions— (713)— (138)Net increase in net assets resulting from operations$2,508 $5,714 $14,770 $8,305 

F-26

Intelligent Protection Management Corp.On January 2, 2025, the Company completed the previously announced 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