Newton Golf Company, Inc. entered into exchange agreements on July 6, 2026, to exchange approximately $2.3 million of existing convertible promissory notes for 24,092.61 shares of newly designated Series A Convertible Preferred Stock. The Series A Preferred Stock ranks senior to common stock and carries a 10.00% annual dividend rate, which may be preferred stock holders be paid in cash or PIK. The company is a developer of golf technology and equipment.
