secwatch.observer — SEC 8-K summary
======================================

Issuer:     Newton Golf Company, Inc. (NWTG)
CIK:        0001934245
Form:       8-K
Filed at:   2024-12-16T23:59:59+00:00
Accession:  0001493152-24-050093
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sacks Parente Golf closes $8.4M public offering of 7M units at $1.20/unit
-------------------------------------------------------------------------

- Closed underwritten public offering on Dec 13, 2024; gross proceeds $8.4M before fees.
- Issued 7,000,000 Common Units at $1.20 each, each consisting of one share and two warrants (Series A and B).
- Series A warrants exercisable at $2.40/share for 60 months; Series B at $2.40 for 30 months after stockholder approval.
- Aegis Capital Corp. acted as sole underwriter; underwriting discount 7% plus 1% non-accountable expense allowance.
- Company must seek stockholder approval within 60 days for warrant exercisability and certain adjustment provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934245/000149315224050093/0001493152-24-050093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934245/000149315224050093/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-050093

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer