Nasdaq staff finds Newton Golf non-compliant; trading suspension set for Oct 15 absent appeal

Newton Golf Company, Inc.

Oct 6, 2026 letter: Staff determined Newton Golf did not demonstrate compliance with Nasdaq Listing Rule 5550(b)(1)'s $2,500,000 minimum stockholders' equity requirement.
Trading of NWTG would be suspended at the open on Oct 15, 2026 unless the company appeals by Oct 13; a Form 25-NSE would then delist and deregister the stock.
Company got the original deficiency letter April 6, 2026 and submitted compliance plans to Staff on May 21 and Aug 20, 2026, but did not complete the remedial actions.
Newton Golf says it intends to timely request a Nasdaq Hearings Panel hearing, which would stay the suspension and the Form 25-NSE filing pending the Panel's decision.
Company states there is no assurance the Panel will grant continued listing or that it can regain compliance.

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