Monitor for any prospectus supplements that disclose actual sales by Newtek, as these could lead to significant downward pressure on the stock price. The presence of a large, motivated seller with no cost basis creates a persistent overhang on the stock.
Price Chart
Executive Summary
Intelligent Protection Management Corp. (IPM) has filed an S-3 shelf registration to allow NewtekOne, Inc. to resell up to 9,000,000 shares of IPM common stock. These shares are issuable upon conversion of Series A Preferred Stock received by Newtek as partial consideration for the acquisition of Newtek Technology Solutions. IPM will not receive any proceeds from these sales, which could represent significant dilution for existing shareholders.
Key Financial Metrics
Key Facts
- S-3 shelf registration filed to allow resale of up to 9,000,000 shares by NewtekOne, Inc.
- Shares are issuable upon conversion of Series A Preferred Stock received in the NTS acquisition.
- IPM will not receive any proceeds from the resale of these shares.
- The offering represents potential dilution of approximately 99% of IPM's current market capitalization.
- Newtek is a related party, having provided financing and board representation to IPM.
Financial Impact
Up to 9,000,000 shares could be sold, representing a potential $17.6 million in dilution (99% of current $20M market cap) based on a $1.96 share price.
Risk Factors
- Significant share dilution if all shares are sold.
- Downward pressure on stock price from a large, concentrated seller.
- Potential for Newtek to sell shares rapidly, overwhelming market demand.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| S-3 Filing (Primary) | 0001213900-26-029186 |
| Document: ea028110201ex-fee.htm | 0001213900-26-029186 |
| Document: ea028110201ex5-1.htm | 0001213900-26-029186 |
| Document: ea028110201ex23-1.htm | 0001213900-26-029186 |
| Document: 0001213900-26-029186-index-headers.html | 0001213900-26-029186 |
| Document: 0001213900-26-029186-index.html | 0001213900-26-029186 |
| Document: 0001213900-26-029186.txt | 0001213900-26-029186 |
| CONTEXT: 10-Q (2025-11-12) | 0001213900-25-109212 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 8-K | $1.75 | awaiting T+5 | awaiting T+5 | $1.72 (−1.43%) |
Jun 22, 2026 18w ago | EFFECT | $1.70 $1.69 | ▲ +0.59% | ▼ −1.48% | $1.72 (−1.18%) |
Jun 12, 2026 19w ago | S-3 | $1.80 $1.70 | ▲ +5.56% | ▲ +4.17% | $1.72 (+4.44%) |
May 26, 2026 22w ago | Insider Cluster | $1.92 $2.05 | ▲ +6.77% | ▲ +5.56% | $1.72 (−10.42%) |
May 22, 2026 22w ago | Insider Cluster | $1.99 $2.00 | ▲ +0.50% | ▼ −1.16% | $1.72 (−13.57%) |
May 12, 2026 24w ago | 8-K | $1.95 $1.92 | ▼ −1.54% | ▼ −0.38% | $1.72 (−11.79%) |
Mar 23, 2026 31w ago | EFFECT | $1.68 $1.49 | ▼ −11.31% | ▼ −7.75% | $1.72 (+2.38%) |
Mar 17, 2026 32w ago | S-3 | $1.61 $1.58 | ▲ +1.86% | ▲ +1.15% | $1.72 (−6.83%) |
US Market Status
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