Workflow
Patriot Financial Partners, L.P. Exchanges NewtekOne, Inc. Convertible Preferred Shares for Common Equity and Makes $10 Million Incremental Investment

BOCA RATON, Fla., Sept. 17, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (“NewtekOne” or the “Company”) (NASDAQ: NEWT) and Patriot Financial Partners, L.P. (“Patriot”) announced today that they have completed a transaction pursuant to which in exchange for all of Patriot’s 20,000 shares of the Company’s convertible preferred stock, Series A, 0.02parvaluepershare(theSeriesAPreferredStock)and0.02 par value per share (the “Series A Preferred Stock”) and 10.0 million in cash, the Company issued to Patriot 2,307,692 shares of its common stock, par value $0.02 pe ...