Newpoint Financial Corp.
NPFC
Other OTC1.25
USD
- -
- -
CIK
0001445831
ISIN
US65172R1059
Return %
Stock
S&P500
1Y
- -
26.53
3Y
-75.00
76.60
5Y
-75.00
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Keith David Beekmeyer
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 433 North Camden Drive Beverly Hills CA United States of America 90210
- IPO Date
- Dec 21, 2022
- CIK
- 0001445831
- Website
- newpointfinancialcorp.com
- Similar Companies
- Business
- Newpoint Financial Corp. (NPFC) is a Delaware-incorporated holding company headquartered in Beverly Hills, California, that strategically invests primarily in regulated entities such as banks and insurance companies; it focuses on businesses operating in investment banking, financial institutions, insurance, capital markets, wealth management, investment management, advisory services, principal investments, international trade credit, risk and structured finance sectors, and also provides financial and insurance software services. Founded in 2005, formerly known as Judo Capital Corp., the company changed its name in January 2021 following a reverse merger in September 2020 that transitioned it from a dormant shell company to an active operating entity. Newpoint primarily conducts operations in the United States, with senior management including CEO Keith Beekmeyer and Chief Risk Officer Andrew M. Bye based in the United Kingdom. In 2021, Newpoint executed multiple material definitive agreements, including plans to acquire stakes in a Massachusetts-based broker-dealer for at least $3 million, a New Jersey-based insurance company involving $10 million over ten years and additional shares for $10 million, a reinsurer for $2.65 million, and a Wyoming-based insurance firm valued at $50 million with a revolving credit facility, though most transactions were later rescinded or terminated by November 2022 without required SEC disclosures. In September 2024, the U.S. Securities and Exchange Commission instituted cease-and-desist proceedings against Newpoint for violating Section 13(a) of the Exchange Act and related rules by failing to file Forms 8-K for these agreements, its shell company status change, auditor changes, and quarterly report deficiencies, resulting in a $250,000 civil penalty.