secwatch.observer — SEC 8-K summary
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Issuer:     Newton Golf Company, Inc. (NWTG)
CIK:        0001934245
Form:       8-K
Filed at:   2026-09-24T11:45:29+00:00
Accession:  0001493152-26-044066
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934245/000149315226044066/0001493152-26-044066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934245/000149315226044066/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-044066

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