Newton Golf cancels Series A warrants for 232,202 new shares in Section 3(a)(9) exchange

Newton Golf Company, Inc.

Newton Golf issued an aggregate 232,202 common shares to three holders to retire Series A warrants previously exercisable for 749,999 shares; agreements signed Sept. 21-22, 2026.
Consideration formula: (0.35 x adjusted warrant share count) divided by the Nasdaq Minimum Price, the lower of the prior close or the 5-trading-day average close under Nasdaq Rule 5635(d).
Warrants were issued Dec. 13, 2024 at $2.40/share; after a 1-for-30 reverse split and Share Combination Event Adjustment the exercise price is now $8.40/share.
Company must file a resale registration statement within 30 days and granted holders a 12-month pro rata right to buy 10% of any future offering, excluding Exempt Issuances and at-the-market sales.
Shares issued under the Section 3(a)(9) registration exemption; holders acknowledged reliance only on the company's Section 3 representations and that deal value is uncertain.

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.