Newton Golf Company, Inc. (NWTG): Nasdaq/NYSE listing notice — Sacks Parente Golf receives Nasdaq delisting notice for bid price below $1.00

Newton Golf Company, Inc.

Received Nasdaq notice on Dec 5, 2023 for failing to maintain minimum $1.00 bid price for 30 consecutive business days.
Has 180 days, until June 3, 2024, to regain compliance by closing at $1.00 for 10 consecutive business days.
If not compliant by June 3, may qualify for a second 180-day period if meeting other listing standards.
Company plans to assess actions to regain compliance but cannot guarantee success; risk of delisting if unable.
No immediate effect on listing; shares continue trading on Nasdaq Capital Market.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.99

Newton Golf Company, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

December 5, 2023, Sacks Parente Golf, Inc. (the “Company”) received a written notice (the “Notice”) from the NASDAQ Stock Market LLC (“Nasdaq”) that the Company has not been in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for a period of 30 consecutive business days. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum closing bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum closing bid price requirement exists if the deficiency continues for a period of 30

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20 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Newton Golf Company, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-043837

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