Sacks Parente Golf prices IPO at $4.00/share, raises $12.8M gross, lists on Nasdaq

Newton Golf Company, Inc.

IPO of 3.2M shares at $4.00/share; gross proceeds $12.8M; net proceeds ~$11.6M.
Shares began trading on Nasdaq Capital Market on Aug 15, 2023 under ticker SPGC.
Net proceeds to fund Asia expansion, marketing, debt repayment, compensation, manufacturing, working capital.
Underwriting agreement with Benchmark Company as sole bookrunner.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Newton Golf Company, Inc. entered into Underwriting Agreement with The Benchmark Company, LLC, as representative of the several underwriters identified therein valued at gross proceeds of approximately $12.8 million (effective 2023-08-14).

Action: entry
Agreement: underwriting
Counterparty: The Benchmark Company, LLC, as representative of the several underwriters identified therein
Value: gross proceeds of approximately $12.8 million
Effective: 2023-08-14

Exact text from the filing

On August 14, 2023, Sacks Parente Golf, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with The Benchmark Company, LLC, as representative of the several underwriters identified therein (the “Underwriters”), relating to the public offering (the “Offering”) of 3,200,000 shares of the Company’s common stock, par value $0.01 per share (the “Firm Shares”) at a public offering price of $4.00 per share for gross proceeds of approximately $12.8 million

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281 material agreements filed in the last 30 days. Browse all material agreements →

Newton Golf Company, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-029404

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