Sacks Parente Golf receives Nasdaq delisting notice; bid price below $1 and equity non-compliance

Newton Golf Company, Inc.

Nasdaq determination letter on June 4, 2024, citing failure to regain $1.00 bid price compliance by June 3, 2024.
Company ineligible for second 180-day cure period due to failure to meet minimum stockholders' equity initial listing requirement.
Company intends to request a hearing before Nasdaq Hearings Panel, which stays suspension/delisting pending outcome.
Panel may grant an extension of up to 180 days from determination letter date, but no assurances of regaining compliance.

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