Crispin Love

Stephen Moss

Timothy Switzer

Marc Silk

Mike Paramonov

Steve Moss

Tim Switzer

- NewtekOne, Inc. (NASDAQ: NEWT) successfully closed an offering of **2,000,000 depositary shares** on **August 20, 2025**, generating approximately **$48.357 million** in net proceeds.  **[1587987_4017cc37553c49848cb7ad0861951ed8_0]** 
- Each depositary share represents a 1/40th interest in the Company's **8.500% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B**, with quarterly dividends commencing October 1, 2025.  **[1587987_4017cc37553c49848cb7ad0861951ed8_0]** 
- The net proceeds will be used to **fund investments, repay existing debt, and for general corporate purposes**.  **[1587987_4017cc37553c49848cb7ad0861951ed8_0]** 
- The offering is projected to increase the pro forma tier one capital ratio from **16.1% to 19.2%** and tier one capital from **$256 million to $305 million** as of June 30, 2025.  **[1587987_4017cc37553c49848cb7ad0861951ed8_0]**

NewtekOne (NEWT)