Financing ·
Newton Golf raises $1.7M in equity and converts $1M debt to stock
NWTGNewton Golf Company, Inc.
On November 6, 2026, Newton Golf Company closed its Third Tranche private placement of common stock, selling 967,739 shares at $1.24 per share for $1,200,000 in gross proceeds. The company also issued 5,000 shares of Series A Convertible Preferred Stock to two investors for $500,000. Additionally, Newton exchanged $1,000,000 of principal under a senior secured revolving credit facility with Brynnwood, LLLP for 211,693 shares of common stock and 7,875 shares of Series A Preferred Stock. These transactions bring total gross proceeds from the private placement to $2,471,000 across three tranches. Newton Golf Company designs and manufactures golf training aids.