other material
confidence high
sentiment neutral
materiality 0.55
Sacks Parente Golf raises ~$536K in public offering of 366,000 shares at $2.00/share
Newton Golf Company, Inc.
- Offered 366,000 common shares at $2.00 each; closed Oct 10, 2024.
- Net proceeds ~$536,000 after underwriting discounts and expenses.
- Underwriter Aegis Capital Corp. receives 7.0% discount and up to $75K expense reimbursement.
- Lock-up agreement: officers, directors and company cannot sell shares for 60 days without Aegis consent.
- Offering made under effective shelf registration statement on Form S-3.