Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 65

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 65
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 may offer and sell up to 3.0 million shares of Common Stock from time to time through the placement agents thereunder (the “ATM Program”). The Original ATM Equity Distribution Agreement was amended and restated on June 6, 2025 (the “Amended and Restated Equity Distribution Agreement”). The Amended and Restated Equity Distribution Agreement provides that the Company may offer and sell up to 5.0 million shares of Common Stock from time to time through the placement agents thereunder (inclusive of shares of Common Stock sold under the Original ATM Distribution Agreement) and added certain additional placement agents. The Company may, subject to market conditions, engage in activity under the ATM Program.

F-52

The following table summarizes the total shares sold and net proceeds received under the ATM Program:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Shares sold425 — 425 1,100 Net weighted average price per share$12.22 $— $12.22 $12.56 Net proceeds$5,090 $— $5,090 $13,818 Placement agent fees paid$104 $— $104 $282 

We used the net proceeds for funding investments in accordance with our investment objective and strategies and for general corporate purposes including repaying outstanding indebtedness and other general corporate purposes.

Stock and Debt Repurchase ProgramsOn November 1, 2024, the Company’s Board of Directors approved a new stock repurchase program granting the Company authority to repurchase up to 1.0 million shares of Company common stock during the following twelve months. The actual timing and amount of any repurchases under the plan will be determined by the Company in its discretion, and will depend on a number of factors, including market conditions, applicable legal requirements, the Company's capital needs and whether there is a better alternative use of capital. The Company has no obligation to repurchase any amount of its common stock under its new stock repurchase program. The following table summarizes the total Common Shares repurchased and net proceeds received under the stock repurchase program:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Shares repurchased— — 16 — Net weighted average price per share$— $— $10.42 $— Net proceeds$— $— $167 $— In addition, on September 11