Company: NEWTP
Filing Date: 2025-08-15
Form Type: 424B2
Source: 0001587987-25-000152
Chunk: 13

Company: NewtekOne, Inc.
Filing Date: 2025-08-15
Form: 424B2
Chunk 13
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 any such future preferred stock expressly senior to the Preferred Stock and the depositary shares representing the Preferred Stock may restrict dividend payments on the Preferred Stock and the depositary shares representing the Preferred Stock.

The Preferred Stock and the depositary shares representing the Preferred Stock are equity and are subordinate to the Company’s existing and future indebtedness.

The shares of Preferred Stock and the depositary shares representing the Preferred Stock will be equity interests in the Company and will not constitute indebtedness. This means that the Preferred Stock, and the depositary shares representing the Preferred Stock, will rank junior to all indebtedness and other non-equity claims on the Company with respect to assets available to satisfy claims on the Company, including claims in the event of a liquidation of the Company.

Additionally, unlike indebtedness, where principal and interest customarily are payable on specified due dates, in the case of the Preferred Stock, (i) dividends will be payable only if declared by our the Board or a duly authorized committee of the Board, (ii) dividends will not accumulate if they are not declared and (iii) as a Maryland corporation, the Company is and will be subject to restrictions on payments of dividends and redemption price out of funds legally available under Maryland law. In addition, the Preferred Stock may be fully subordinate to interests held by the U.S. government in the event of a receivership, insolvency, liquidation, or similar proceeding. Also, as a financial holding company, the Company’s ability to declare and pay dividends is dependent on certain federal regulatory considerations discussed below.

As of June 30, 2025, the Company’s total long-term debt was approximately $551 million. The Company may incur additional debt in the future. Such debt may restrict the payment of dividends on the Preferred Stock. The Preferred Stock places no restrictions on the Company’s business or operations or on the Company’s ability to incur indebtedness or engage in any transactions, subject only to the limited voting rights referred to in this prospectus supplement under “Description of the Preferred Stock—Voting Rights.”

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The Company’s ability to pay dividends on the Preferred Stock, and therefore the ability of holders of the depositary shares to receive corresponding distributions on the depositary shares, depends upon the results of operations of the Company’s subsidiaries and may be limited by the terms of the Company’s subsidiaries’ indebtedness and regulatory considerations.

The Company is a holding company that conducts substantially all of its operations through Newtek Bank and its non-bank subsidiaries. As a