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Patriot Financial Group announced it acquired 2,307,692 shares of NewtekOne, Inc. common stock, representing 8.06% of the company's outstanding common shares on the basis disclosed. The shares were issued on September 16, 2025 under a Securities Purchase and Exchange Agreement in which Patriot delivered all 20,000 outstanding shares of the Issuer's Series A Convertible Preferred Stock that it previously held and paid $10,000,000 in cash in exchange for the 2,307,692 common shares.
Patriot Fund IV funded its purchase with working capital and reports the acquisition is for investment purposes. The filing lists the members of the Patriot Financial Group, identifies shared voting and dispositive power over the 2,307,692 shares, and states there are no additional contracts, arrangements or proposals relating to control transactions; Item 6 is listed as N/A. The filing includes a Joint Filing Agreement as an exhibit.