secwatch.observer — SEC 8-K summary
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Issuer:     Newton Golf Company, Inc. (NWTG)
CIK:        0001934245
Form:       8-K
Filed at:   2026-09-24T12:00:41+00:00
Accession:  0001493152-26-044071
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newton Golf acquires option to Pole Canyon mining project; issues 19.9% equity to Spartan Crest
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- Assigned option to acquire 100% of Pole Canyon Project: 16 lode mining claims, ~330 acres, White Pine County, NV.
- Assumes $165,000 remaining cash payments (total $200k) paid over 21 months; $200k share consideration to Cannon Bridge.
- Issues 19.9% of outstanding common stock (Transaction Shares) to Spartan Crest designees; 2.0% NSR royalty applies.
- Spartan Crest gets rights to designate 2 board members and 1 executive officer; registration statement due within 45 days.
- First tranche PIPE financing closed with at least $1,000,000 gross proceeds; total PIPE up to $5,000,000.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934245/000149315226044071/0001493152-26-044071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934245/000149315226044071/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-044071

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