Newton Golf Company, Inc. (NWTG): Nasdaq/NYSE listing notice — SPGC receives Nasdaq delisting notice for bid price below $1.00; plans hearing request

Newton Golf Company, Inc.

Notice received Jan 29, 2025 for non-compliance with Nasdaq Listing Rule 5550(a)(2).
Stock closing bid below $1.00 for 30 consecutive business days; ineligible for 180-day cure period due to prior reverse split.
Company intends to request a hearing before Nasdaq Hearings Panel to stay any delisting.
No assurance that Panel will grant extension or that SPGC will regain compliance.
Hearing request automatically stays delisting action pending hearing and potential extension.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Newton Golf Company, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)(iv)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)(iv)

Exact text from the filing

Standard; Transfer of Listing On January 29,2025, Sacks Parente Golf, Inc. (the “Company”) received a written notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) due to the Company’s common stock not maintaining a closing bid price of at least $1.00 per share for a period of 30 consecutive business days. The Notice has no immediate effect on the listing of the Company’s common stock on The Nasdaq Capital Market. Normally, a company would be afford

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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Newton Golf Company, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) due to the Company’s common stock not maintaining a closing bid price of at least $1.00 per share f

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Newton Golf Company, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-004411

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