secwatch.observer — SEC 8-K summary
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Issuer:     Newton Golf Company, Inc. (NWTG)
CIK:        0001934245
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001493152-23-043837
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Sacks Parente Golf receives Nasdaq delisting notice for bid price below $1.00
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934245/000149315223043837/0001493152-23-043837-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934245/000149315223043837/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-043837

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