Company: NEWTP
Filing Date: 2025-06-06
Form Type: 8-K
Source: 0001587987-25-000106
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Company: NewtekOne, Inc.
Filing Date: 2025-06-06
Form: 8-K
Item: Item 1.01
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Item 1.01. Entry into a Material Definitive Agreement.

On June 6, 2025, NewtekOne, Inc., a Maryland corporation (the “ Company”) entered into an Amended and Restated Equity Distribution Agreement (the “ Amended and Restated Equity Distribution Agreement”), by and among the Company and the several Placement Agents (as defined below). The Amended and Restated Equity Distribution Agreement amends and restates the Equity Distribution Agreement dated November 17, 2023, entered into by and among the Company and Keefe, Bruyette & Woods, Inc., B. Riley Securities, Inc., Compass Point Research & Trading, LLC, Ladenburg Thalmann & Co. Inc., Raymond James & Associates, Inc. and UBS Securities LLC (the “ Original Placement Agents”) relating to the offer and sale of up to 3,000,000 shares of the Company’s common stock, par value $0.02 per share (the “ Common Stock”) in order to increase the number of shares subject to offer and sale pursuant to the Amended and Restated Equity Distribution Agreement (inclusive of the 1,100,000 shares of Common Stock previously sold under the 2023 Equity Distribution Agreement) from 3,000,000 to 5,000,000 (the “ Shares”) and to add Cantor Fitzgerald & Co., H. C. Wainwright & Co., LLC, Lucid Capital Markets, LLC, Roth Capital Partners, LLC and Hovde Group, LLC as additional placement agents (such additional placement agents together with the Original Placement Agents, the “ Placement Agents”).

Pursuant to the Amended and Restated Equity Distribution Agreement, the Company may offer and sell the Shares from time to time through the Placement Agents acting as the Company’s sales agents in “at the market offerings” as defined in Rule 415 under the Securities Act of 1933, as amended, including sales made directly on or through the Nasdaq Global Market® or any other existing trading market in the United States for the Common Stock, sales made to or through a market maker and/or in any other method permitted by law, including in privately negotiated transactions.

The foregoing description of the Amended and Restated Equity Distribution Agreement is not complete and is qualified in its entirety by reference to the full text of the Amended and Restated Equity Distribution Agreement, which is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference. A