NewtekOne, Inc. 8-K

What Happened
NewtekOne, Inc. announced on March 13, 2026 that it entered into a Securities Distribution Agreement (effective March 12, 2026) with B. Riley Securities, Compass Point Research & Trading and Roth Capital Partners. Under the agreement the company may offer and sell, through at-the-market offerings, up to $50,000,000 aggregate principal or liquidation preference of certain debt and preferred-equity securities.

Key Details

• Up to $50,000,000 aggregate principal amount (for notes) and liquidation preference (for depositary shares).
• Securities may include: 8.50% Fixed Rate Senior Notes due 2029, 8.625% Fixed Rate Senior Notes due 2029, 8.50% Fixed Rate Senior Notes due 2031, and depositary shares (each representing a 1/40th interest in a share of 8.500% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock).
• Sales may occur "at the market" under Rule 415 via Nasdaq Global Market or other U.S. markets, to market makers, directly to placement agents or in negotiated transactions.
• Securities, if issued, will be offered under the company’s existing Form S-3 shelf registration (File No. 333-269452) and the March 13, 2026 prospectus supplement.

Why It Matters
This agreement gives NewtekOne a flexible way to raise up to $50M in capital over time by selling debt or preferred-equity securities into the market. If securities are sold, that could increase the company’s outstanding debt or preferred equity and affect leverage, interest expense (note coupons shown are in the 8.50–8.625% range) and shareholder dilution depending on the mix of securities issued. The filing does not specify intended use of proceeds. Sales are not guaranteed and will depend on market conditions and management’s decisions.