---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-029404"
form_type: "8-K"
ticker: "NWTG"
cik: "0001934245"
company_name: "Newton Golf Company, Inc."
filed_at: "2023-08-18T23:59:59+00:00"
generated_at: "2026-06-11T07:08:58.800976+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-029404
- form_type: 8-K
- ticker: NWTG
- cik: 0001934245
- company_name: Newton Golf Company, Inc.
- filed_at: 2023-08-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1934245/000149315223029404/0001493152-23-029404-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1934245/000149315223029404/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-029404
- JSON: https://secwatch.observer/filing/0001493152-23-029404.json
- Plain text: https://secwatch.observer/filing/0001493152-23-029404.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1934245/000149315223029404/0001493152-23-029404-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.