secwatch.observer — SEC 8-K summary
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Issuer:     Newton Golf Company, Inc. (NWTG)
CIK:        0001934245
Form:       8-K
Filed at:   2024-06-05T23:59:59+00:00
Accession:  0001493152-24-022646
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934245/000149315224022646/0001493152-24-022646-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934245/000149315224022646/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-022646

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