Company: NEWTP
Filing Date: 2025-06-06
Form Type: 424B5
Source: 0001587987-25-000104
Chunk: 12

Company: NewtekOne, Inc.
Filing Date: 2025-06-06
Form: 424B5
Chunk 12
---
 in the Amended and Restated Equity Distribution Agreement with the Placement Agents dated June 6, 2025. We will instruct the Placement Agents as to the amount of common stock to be sold by them. We may instruct the Placement Agents not to sell common stock if the sales cannot be effected at or above the price designated by us in any instruction. We or the Placement Agents may suspend the offering of shares of common stock upon proper notice and subject to other conditions.

Sales of our common stock, if any, under the prospectus supplement, as amended by this amendment and the accompanying prospectus may be made in negotiated transactions or transactions that are deemed to be “at the market,” as defined in Rule 415 under the Securities Act, including sales made directly on Nasdaq or similar securities exchange or sales made to or through a market maker other than on an exchange at prices related to the prevailing market prices or at negotiated prices.

The Placement Agents will provide written confirmation of a sale to us no later than the opening of the trading day on Nasdaq following each trading day in which shares of our common stock are sold under the Amended and Restated Equity Distribution Agreement. Each confirmation will include the number of shares of common stock sold on the preceding day, the net proceeds to us and the compensation payable by us to the Placement Agents in connection with the sales.

The Placement Agents will receive a commission from us equal to 2.00% of the gross proceeds from the sale of any shares of our common stock sold through them under the Amended and Restated Equity Distribution Agreement. We estimate that the total expenses for the offering, excluding compensation payable to the Placement Agents under the terms of the Equity Distribution Agreement, will be approximately $200,000.

Settlement for sales of shares of common stock will occur on the trading day following the date on which such sales are made, or on some other date that is agreed upon by us and the Placement Agents in connection with a particular transaction, in return for payment of the net proceeds to us.

We will report at least quarterly the number of shares of our common stock sold through the Placement Agents under the Amended and Restated Equity Distribution Agreement, the net proceeds to us and the compensation paid to the Placement Agents with respect to such sales.

In connection with the sale of the common stock on our behalf, a Placement Agent may be deemed to be an “underwriter” within the meaning of the Securities Act, and the compensation paid to any Placement Agent may be deemed to be underwriting commissions or discounts. We have