secwatch.observer — SEC 8-K summary
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Issuer:     Newton Golf Company, Inc. (NWTG)
CIK:        0001934245
Form:       8-K
Filed at:   2025-01-31T23:59:59+00:00
Accession:  0001493152-25-004411
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

SPGC receives Nasdaq delisting notice for bid price below $1.00; plans hearing request
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934245/000149315225004411/0001493152-25-004411-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934245/000149315225004411/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-004411

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