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Actionable news in NEWT: Newtek Business Services Inc.,

Newtek Business Services Corp

The following excerpt is from the company's SEC filing.

Investor Relations

Contact: Jayne Cavuoto

Telephone: (212) 273-8179

Public Relations

Contact: Simrita Singh

Telephone: (212) 356-9566 /

Newtek Business Services Corp. Closes Public Offering of 2,300,000 Shares of Common Stock

- Newtek Business Services Corp. (Nasdaq Global Market: NEWT) (“Newtek” or “The Company”) announced today that it has closed an underwritten offering of 2,300,000 shares of common stock at a public offering price of $16.50. The 2,300,0 00 shares include the underwriters’ exercise of their option to purchase an additional 300,000 shares of Newtek Common Stock. The current outstanding share count at the close of this offering is approximately 12.6 million shares. Keefe, Bruyette & Woods, Inc., Raymond James & Associates, Inc. and JMP Securities LLC acted as joint bookrunners for this offering, and Ladenburg Thalmann & Co. Inc. and Compass Point Research & Trading, LLC acted as co-managers.

About Newtek Business Services Corp.

Newtek Business Services Corp.,

The Small Business Authority

is an internally managed BDC, which along with its controlled portfolio...