Definitive Materials Filed by Investment Companies. (497)
21 October 2017 - 4:04AM
Edgar (US Regulatory)
Filed Pursuant to Rule 497
Securities Act File No. 333-212436
NEWTEK BUSINESS SERVICES CORP.
Supplement No. 1, dated
October 20, 2017
to
Prospectus Supplement, dated September
6, 2017
This supplement contains
information which amends, supplements or modifies certain information contained in the Prospectus of Newtek Business
Services Corp. (the “Company”), dated August 29, 2017, as supplemented by the Prospectus Supplement dated
September 6, 2017, which relate to the sale of shares of common stock of the Company in an “at the market” offering
pursuant to an equity distribution agreement, dated as of September 6, 2017, with JMP Securities LLC, Compass Point Research &
Trading, LLC, Ladenburg Thalmann & Co. Inc., and D.A. Davidson & Co. Capitalized terms used but not defined herein shall
have the same meaning given them in the Prospectus Supplement or Prospectus, as applicable.
You should carefully consider the
“Risk Factors” beginning on page 23 of the Prospectus before you decide to invest.
Recent Developments
On October 13,
2017, the Company announced that its portfolio company, ADR Partners LLC dba
banc-serv Partners LLC (“banc-serv”), was served with a search warrant by the Federal Bureau of
Investigations on October 12, 2017 at banc-serv offices in Westfield, Indiana. The Company closed on its $5.4
million investment in banc-serv in June 2016. The Company is monitoring the situation and is cooperating
fully with the authorities. While the outcome of this situation cannot at this time be predicted with certainty, the Company
does not expect that the matter will materially affect the Company’s financial condition or results of
operations.
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