Financing ·
On June 26, 2026, Newton Golf Company, Inc. completed an additional closing under a previously established securities…
NWTGNewton Golf Company, Inc.
On June 26, 2026, Newton Golf Company, Inc. completed an additional closing under a previously established securities purchase agreement, issuing a convertible note with a principal amount of $200,000 and a warrant to purchase 20,000 shares of common stock. The company received $200,000 in cash proceeds. To date, the company has issued $2,050,000 in aggregate principal of convertible notes and warrants for 205,000 shares, with $750,000 in notes and 75,000 warrant shares remaining available for issuance. The notes carry a 10% annual interest rate paid in kind, mature in 18 months, and convert at $1.60 per share. Warrants have an exercise price of $1.75 per share and a five-year term. The company operates in the sporting goods industry and manufactures golf equipment.