Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 240

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 240
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$18,800 $15,835 $(31,843)3$(2,792)$— $861 TSO JV38,100 — — 1,650 39,750 1,850 Total Joint Ventures$56,900 $15,835 $(31,843)$(1,142)$39,750 $2,711 Other Non-Control InvestmentsEMCAP Loan Holdings, LLC$320 $— $(14)$— $306 $— Biller Genie Software, LLC458 — — 1,042 1,500 — Intelligent Protection Management Corp.IPM Earnout— 2,268 1— (394)1,874 — IPM Stock$— 8,200 2— (240)27,960 — Total Other Non-Control Investments$778 $10,468 $(14)$408 $11,640 $— Total$57,678 $26,303 $(31,857)$(734)$51,390 $2,711 1    Fair value of the Earn-out of $2.268 million as of January 2, 2025, valued in accordance with ASC 805 and ASC 820.2    Four million shares of IPM Preferred Stock initially valued at $2.05 per share, which was the closing price of IPM’s common shares on January 2, 2025, with net gains/(losses) calculated based on a closing price of $1.99 on September 30, 2025. 3    Includes $26.2 million of loans and accrued interest acquired as part of NALH’s August 2025 acquisition of the remaining 50% of NCL JV not previously owned by NALH. CompanyFair Value at December 31, 2023Purchases (Cost)Return of InvestmentNet Gains/(Losses)Fair Value at September 30, 2024Dividend IncomeJoint VenturesNCL JV$19,400 $— $— $(500)$18,900 $1,112 TSO JV21,459 25,642 (20,185)9,934 36,850 — Total Joint Ventures$40,859 $25,642 $(20,185)$9,434 $55,750 $1,112