- NewtekOne ( NASDAQ: NEWT ) said Tuesday it has sold $20 million of its 8% Convertible Series A Preferred Stock to Patriot Financial Partners IV.
- “Patriot is excited to invest in NewtekOne and to be joining the Board of Newtek Bank. NewtekOne has a 20-year track record of successfully helping small and mid-sized businesses (SMBs). NewtekOne’s technology, business services, and lending products are unique in the marketplace and tailored to help SMBs grow and succeed," Patriot founder and managing partner Kirk Wycoff said.
For further details see:
NewtekOne raises $20M through preferred stock sale to Patriot