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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Oct. 9, 1:36 PM

Slide #2. Newtek Business Services Corp. Secondary Offering

Company: Newtek Business Services Corp. (NASDAQ:NEWT)
Date announced: 10/7/2015
Shares Offered: 2,000,000
Secondary Offering Details: Newtek Business Services Corp. (Nasdaq Global Market: NEWT) ("Newtek") announced today that it plans to make a public offering of 2,000,000 shares of its common stock. Newtek also plans to grant the underwriters an option to purchase up to an additional 300,000 shares of common stock. The offering of the shares will be made under Newtek's existing shelf registration statement, which was filed with, and declared effective by, the Securities and Exchange Commission. Keefe, Bruyette & Woods, Inc., Raymond James & Associates, Inc. and JMP Securities LLC are acting as joint bookrunners for this offering, and Ladenburg Thalmann & Co. Inc. and Compass Point Research & Trading, LLC are acting as co-managers.

Newtek Business Services is a national lender and own and control certain portfolio companies that provide a range of business and financial products to small medium business (SMBs). In particular, Co. and its controlled portfolio companies provide lending, payment processing, managed technology, personal and commercial insurance and payroll solutions to SMB accounts, across all industries. In addition, Co. has developed a financial and technology based business model that enables Co. and its controlled portfolio companies to acquire and process its SMB clients in a cost manner.
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Company Name:  Newtek Business Services Corp
Sector:  Business Services & Equipment

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October 9, 2015    1:36 PM Eastern
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Hold (2.00 out of 4)
100th percentile
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