other material
confidence high
sentiment neutral
materiality 0.55
Newton Golf raises $1.7M in equity, swaps $1M Brynnwood debt for stock
Newton Golf Company, Inc.
- Third common-stock tranche: 967,739 shares sold at $1.24 to four investors, including director Brett Hoge, for $1.2M gross on Nov. 6, 2026.
- Preferred placement: two investors bought 5,000 Series A convertible preferred shares for $500,000; initial conversion price is $1.00 per share.
- Debt-for-equity exchange: $1.0M of Brynnwood LLLP revolving-line principal was swapped for 211,693 common shares and 7,875 Series A preferred shares.
- Common private placement totals $2.471M across three tranches ($1.0M Aug. 14, $271K Sept. 15, $1.2M Nov. 6), with capacity up to $5.0M.