secwatch.observer — SEC 8-K summary
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Issuer:     Newton Golf Company, Inc. (NWTG)
CIK:        0001934245
Form:       8-K
Filed at:   2026-07-08T20:05:39+00:00
Accession:  0001493152-26-032498
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newton Golf enters $5M senior secured revolving credit facility with Brynnwood
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- Loan and Security Agreement with Brynnwood, LLLP for up to $5M revolving line, maturing July 1, 2028.
- Interest at Daily Simple SOFR plus 13%; default rate 22% per annum; semi-annual interest payments.
- Secured by first-priority lien on substantially all assets; 2% commitment fee paid at closing.
- Minimum advance $200,000; prepayment permitted without penalty; commitment reductions allowed in $250K increments.
- Covenants include limitations on debt, liens, dividends, and reverse takeover transactions permitted if no default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934245/000149315226032498/0001493152-26-032498-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934245/000149315226032498/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-032498

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