secwatch.observer — SEC 8-K summary
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Issuer:     Newton Golf Company, Inc. (NWTG)
CIK:        0001934245
Form:       8-K
Filed at:   2026-04-13T23:59:59+00:00
Accession:  0001493152-26-016361
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newton Golf raises additional $850k through convertible notes and warrants
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- Second closing Apr 7: $500k note + 50k warrants; third and fourth closings Apr 9: $100k and $250k notes + 10k and 25k warrants.
- Convertible Notes: 10% PIK interest, 18-month maturity, convertible at $1.60/share; Warrants exercisable at $1.75/share for 5 years.
- Combined with $500k from March 16 closing, total raised $1.35M of $2M maximum; purchasers are entities affiliated with director Brett Hoge.
- Company granted piggyback registration rights for resale of conversion shares and warrant shares; private placement under Rule 506(b).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934245/000149315226016361/0001493152-26-016361-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934245/000149315226016361/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-016361

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