secwatch.observer — SEC 8-K summary
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Issuer:     Newton Golf Company, Inc. (NWTG)
CIK:        0001934245
Form:       8-K
Filed at:   2026-07-09T13:00:15+00:00
Accession:  0001493152-26-032613
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.03, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newton Golf exchanges $2.3M convertible notes for Series A Preferred; conversion at $1.00, 10% dividend
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- Exchanged ~$2.3M of existing convertible notes (incl. accrued interest) for 24,092.61 shares of Series A Convertible Preferred Stock.
- Series A Preferred has initial conversion price of $1.00 per common share and 10% annual dividend payable in cash or PIK.
- Company may force conversion if common stock closes at or above $3.00 for 10 consecutive trading days.
- Chairman of Board participated in exchange on same terms as other noteholders.
- Registration rights agreement requires filing resale registration statement within 30 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934245/000149315226032613/0001493152-26-032613-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934245/000149315226032613/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-032613

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