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Recent Updates — NWTG

August 20, 2026View Source ↗

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.

July 9, 2026View Source ↗

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.

July 8, 2026View Source ↗

Newton Golf Company, Inc. entered into a $5,000,000 senior secured revolving credit facility with Brynnwood, LLLP on July 1, 2006, bearing interest at Daily Simple SOFR plus 13% and a default rate of 22% per annum. The facility is secured by substantially all of the company's assets and matures on July 1, 2028. Newton Golf Company, Inc. operates in the golf industry and provides golf-related technology or products.

July 2, 2026View Source ↗

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.

June 8, 2026View Source ↗

Newton Golf Company, Inc. completed the first closing of its June Financing, issuing a $500,000 Convertible Note and a Warrant to purchase 50,000 shares of Common Stock. The company' following up on a previously approved increase in its maximum principal amount for its securities purchase agreement to a total of $3,000,000.