8-K
filed June 8, 2026, 4:05 PM ET
ticker NWTG
CIK 0001934245
debt
confidence high
sentiment neutral
materiality 0.60
Newton Golf Company, Inc. (NWTG): debt financing — Newton Golf increases convertible note facility to $3M; first closing of $500k completed
Newton Golf Company, Inc.
- Board approved increase in maximum principal amount from $2M to $3M for unsecured convertible promissory notes.
- On June 3, 2026, first closing issued $500k convertible note and warrants to purchase 50,000 common shares at $1.75/share.
- Notes mature 18 months, bear 10% interest paid in kind, convertible at $1.60/share; warrants expire in 5 years.
- Automatic conversion provision if stock closes at or above $3.00 for 10 consecutive days.
- Remaining capacity: $950k in notes and 95,000 warrants authorized for future closings.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Newton Golf Company, Inc. incurred convertible notes of $500,000 at 10% per annum maturing 18 months from the date of issuance.
- Instrument
- convertible notes
- Principal
- $500,000
- Rate
- 10% per annum
- Maturity
- 18 months from the date of issuance
- Event
- incurrence
Exact text from the filing
On June 3, 2026, the Company completed the first closing of the June Financing (the “First Closing”) at which the Company issued, and the purchaser purchased, a Convertible Note with a principal amount of $500,000
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Newton Golf Company, Inc. issued convertible note for principal amount of $500,000.
- Security
- convertible note
- Consideration
- principal amount of $500,000
Exact text from the filing
On June 3, 2026, the Company completed the first closing of the June Financing (the “First Closing”) at which the Company issued, and the purchaser purchased, a Convertible Note with a principal amount of $500,000 and a Warrant to purchase 50,000 Warrant Shares.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Newton Golf Company, Inc. issued 50,000 Warrant Shares of warrant.
- Security
- warrant
- Shares
- 50,000 Warrant Shares
Exact text from the filing
On June 3, 2026, the Company completed the first closing of the June Financing (the “First Closing”) at which the Company issued, and the purchaser purchased, a Convertible Note with a principal amount of $500,000 and a Warrant to purchase 50,000 Warrant Shares.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Newton Golf Company, Inc. entered into Purchase Agreement with purchasers valued at up to $3,000,000 (effective 2026-05-28).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- purchasers
- Value
- up to $3,000,000
- Effective
- 2026-05-28
Exact text from the filing
the Company entered into a securities purchase agreement (the “Purchase Agreement”), pursuant to which the Company agreed to sell and issue, and the purchasers agreed to purchase, from time to time, in one or more closings, on the terms and conditions contained in the Purchase Agreement, up to $3,000,000 of Convertible Notes and Warrants
View on SEC.gov
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