Newton Golf closes additional $200K convertible note and warrant issuance

Newton Golf Company, Inc.

Issued $200,000 convertible note and warrant for 20,000 shares at $1.75 exercise price.
Total convertible notes issued to date: $2,050,000; warrants for 205,000 shares.
Remaining authorized issuance: $750,000 in notes and warrants for 75,000 shares.
Notes bear 10% PIK interest, mature in 18 months, convertible at $1.60 per share.
Warrants expire in 5 years; exercise price $1.75 per share, subject to adjustments.

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