Recent Updates — NWTG
The Nasdaq Stock Market notified Newton Golf Company that it failed to demonstrate compliance with the minimum $2,500,000 in stockholders’ equity required for continued listing. Unless an appeal is filed by October 13, 2026, trading will be suspended on October 15, 2026, and delisting proceedings initiated. The company intends to request a hearing before the Nasdaq Hearings Panel to stay the suspension pending a decision. Newton Golf Company manufactures and sells golf equipment.
On September 23, 2026, Newton Golf Company entered into an Assignment Agreement with Spartan Crest Capital Corp., assuming exclusive rights to acquire 100% of the Pole Canyon Project, a mining property in Nevada. The transaction requires $165,000 in remaining cash payments and the issuance of shares representing 19.9% of outstanding stock to Spartan Crest designees. Spartan Crest gains board representation and executive influence. Newton Golf Company operates in the golf equipment industry.
Newton Golf Company exchanged Series A Common Warrants for common stock under agreements dated September 21-22, 2026. The company issued 232,202 shares to repurchase warrants exercisable for 749,999 shares. The conversion price was calculated as $0.35 multiplied by the underlying warrant shares, divided by the lower of the Nasdaq closing price or five-day average. Holders received a 10% pro rata purchase option for future offerings, excluding exempt issuances and at-the-market sales. Newton Golf Company operates in the sports equipment industry, specifically manufacturing golf training aids.
On September 15, 2026, Newton Golf Company closed a second tranche of its private placement, raising $271,000 in aggregate gross proceeds. The investor purchased 215,079 shares at $1.26 per share under the Securities Purchase Agreement dated August 14, 2026. This follows an initial tranche closed on August 14, 2026, which raised $1,000,000. The total offering size is up to $5,000,000. The investor also entered a Registration Rights Agreement requiring the company to file a registration statement within 45 days and seek effectiveness within 90 days. Newton Golf Company manufactures golf equipment.
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.
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.