On August 14, 2026, Newton Golf Company entered into a Securities Purchase Agreement for a private placement of common stock with accredited investors. The transaction is structured in tranches up to an aggregate purchase price of $5,000,000. The initial tranche closed on the same date, generating gross proceeds of $1,000,000 at a per-share price defined as the greater of $0.01 above the prior day's closing price or the five-day average, subject to a floor of $1.24 per share. The company also executed a Registration Rights Agreement requiring the filing of a resale registration statement within 45 days and its effectiveness within 90 days. Newton Golf Company operates in the sports equipment industry, designing and manufacturing golf training aids.
