secwatch.observer — SEC 8-K summary
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Issuer:     Newton Golf Company, Inc. (NWTG)
CIK:        0001934245
Form:       8-K
Filed at:   2026-06-08T20:05:37+00:00
Accession:  0001493152-26-027715
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newton Golf increases convertible note facility to $3M; first closing of $500k completed
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934245/000149315226027715/0001493152-26-027715-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934245/000149315226027715/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-027715

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