Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 269

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 269
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.56 Net proceeds$— $13,818 Placement agent fees paid$— $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 Repurchase ProgramOn 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 next 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.

F-51

The following table summarizes the total shares repurchased and net proceeds received under the stock repurchase program:Three Months Ended June 30, 2025Three Months Ended June 30, 2024Six Months Ended June 30, 2025Six Months Ended June 30, 2024Shares repurchased16 — 16 — Net weighted average price per share$10.42 $— $10.42 $— Net proceeds$167 $— $167 $—  

Dividends and DistributionsThe Company’s dividends and distributions on the Preferred Stock are recorded on the declaration date. The following table summarizes dividend declarations and distributions on the Series A Preferred Stock during the six months ended June 30, 2025 and 2024:Date DeclaredRecord DatePayment DateAmount Per ShareCash DistributionSix months ended June 30, 2025March 31, 2025March 30, 2025April 1, 2025$20.00 $400 June 30, 2025June 30, 2025July 1, 2025$20.00 $400 Six months ended June 30, 2024March 19, 2024March 28, 2024April 1, 2024$20.00 $400 June 27, 2024June 28, 2024July 1, 2024$20.00 $400 

The Company’s dividends and distributions on the Common Stock are