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Newton Golf exchanges $2.3M convertible notes for Series A Preferred; conversion at $1.00, 10% dividend
Exchanged ~$2.3M of existing convertible notes (incl. accrued interest) for 24,092.61 shares of Series A Convertible Preferred Stock.
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Newton Golf enters $5M senior secured revolving credit facility with Brynnwood
Loan and Security Agreement with Brynnwood, LLLP for up to $5M revolving line, maturing July 1, 2028.
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Newton Golf closes additional $200K convertible note and warrant issuance
Issued $200,000 convertible note and warrant for 20,000 shares at $1.75 exercise price.
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Newton Golf increases convertible note facility to $3M; first closing of $500k completed
Board approved increase in maximum principal amount from $2M to $3M for unsecured convertible promissory notes.
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Newton Golf appoints Gregg Hemphill as independent director, effective May 19, 2026
Gregg Hemphill appointed to Board of Directors effective May 19, 2026; qualifies as independent under Nasdaq rules.
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Newton Golf Q1 net sales down 18% YoY to $991K; net loss widens to $2.7M
Net loss of $2.7M ($0.58 per share) vs $0.5M loss ($0.55 per share) in Q1 2025.
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Newton Golf raises additional $850k through convertible notes and warrants
Second closing Apr 7: $500k note + 50k warrants; third and fourth closings Apr 9: $100k and $250k notes + 10k and 25k warrants.
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Newton Golf receives Nasdaq deficiency notice for minimum equity requirement
Nasdaq notified Newton Golf on April 6, 2026, of non-compliance with minimum stockholders' equity requirement of $2.5M.
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Director Greg Campbell resigns from Newton Golf Board effective March 31, 2026
Greg Campbell notified the Board of his resignation, effective immediately on March 31, 2026.
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Newton Golf terminates CEO Greg Campbell; appoints co-founder Akinobu Yorihiro as interim CEO
Greg Campbell terminated as Executive Chairman, CEO and principal executive officer effective March 27, 2026.
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Newton Golf raises up to $2M via convertible notes and warrants; first close $500K
Issued $500K convertible note at 10% interest, 18-month maturity, conversion price $1.60.
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Newton Golf appoints John Bode as director and Jeff Clayborne as CFO & COO
Board expanded from 4 to 5; John Bode appointed as independent director and joins Audit Committee.
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Newton Golf expects FY2025 revenue to exceed $7.0-7.5M guidance; record performance
Preliminary full-year 2025 revenue exceeds prior guidance of $7.0M to $7.5M.
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Newton Golf shareholders approve amended equity plan adding 1.4M shares; executives receive RSUs
Stockholders approved Amended and Restated 2022 Equity Incentive Plan, increasing authorized shares by 1,400,000 and extending to Dec 18, 2035.
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Newton Golf Q3 revenue $2.58M, up 113% YoY; net loss $1.58M
Q3 2025 revenue $2.58M, up 113% from $1.21M in Q3 2024; nine-month revenue $5.86M, up 147%.
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Newton Golf cuts stockholder meeting quorum to one-third, formalizes name change
Board amended and restated bylaws on October 28, 2025; changes effective immediately.
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Newton Golf enters $10M ATM equity offering agreement with Kingswood Capital Partners
Company may sell up to $10.0M of common stock via Kingswood Capital Partners as agent.
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Newton Golf loses board independence; Nasdaq non-compliance after Dottie Pepper resigns
Dottie Pepper resigned from the board effective Sept 28, 2025, citing no disagreement with company.
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Newton Golf Q2 revenue up 154% YoY to $2.1M; raises FY2025 guidance to $7.0-7.5M
Revenue $2.1M (+154% YoY); gross margin 67.6% vs 60.1% YoY.
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Newton Golf appoints Jeff Clayborne as CFO; predecessor Ryan Stearns departs without severance
Jeff Clayborne named CFO effective June 10, 2025; previous CFO Ryan Stearns ceased June 9, 2025 with no severance.
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Newton Golf regains Nasdaq compliance; Q1 equity at $6.2M vs $2.5M minimum
Received formal notice from Nasdaq on May 27, 2025 that it regained compliance with Listing Rule 5550(b)(1) requiring minimum $2.5M stockholders' equity.
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Newton Golf receives Nasdaq deficiency notice for stockholders' equity below $2.5M
Received Nasdaq deficiency letter on April 14, 2025 for failing to maintain $2.5M minimum stockholders' equity under Listing Rule 5550(b)(1).
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Newton Golf regains Nasdaq minimum bid price compliance after 1:30 reverse split
Received Nasdaq letter on April 4, 2025 confirming compliance with Listing Rule 5550(a)(2).
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Sacks Parente Golf changes name to Newton Golf Company, 1-for-30 reverse split, new ticker NWTG
Effective March 17, 2025, stock trades as Newton Golf Company under ticker NWTG on Nasdaq.
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Sacks Parente Golf Board sets 1:30 reverse stock split ratio; will enable Series B Warrant share issuance
Board set reverse stock split ratio at 1 for 30, effective as soon as possible per Nasdaq rules.
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Shareholders approve name change to Newton Golf Company and reverse stock split authorization
All five proposals passed at February 26, 2025 special meeting of stockholders.
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Special meeting of stockholders adjourned twice due to lack of quorum; reconvenes Feb 26
Special meeting scheduled for Feb 11, 2025 adjourned due to insufficient quorum; no business conducted.
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Sacks Parente Golf adjourns special meeting due to lack of quorum; reconvenes Feb 21
Special meeting adjourned on Feb 11, 2025 because insufficient shares were present to form a quorum.
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SPGC receives Nasdaq delisting notice for bid price below $1.00; plans hearing request
Notice received Jan 29, 2025 for non-compliance with Nasdaq Listing Rule 5550(a)(2).
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Sacks Parente Golf appoints Ryan Stearns as CFO effective Jan 6, 2025
Ryan Stearns appointed CFO effective January 6, 2025; reports to Executive Chairman Gregor Campbell.
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Sacks Parente Golf holds annual meeting; all director nominees elected, auditor ratified
All five director nominees elected: Dr. Greg Campbell, Jane Casanta, Brett Hoge, Dottie Pepper, Akinobu Yorihiro.
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Sacks Parente Golf closes $8.4M public offering of 7M units at $1.20/unit
Closed underwritten public offering on Dec 13, 2024; gross proceeds $8.4M before fees.
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Sacks Parente Golf raises ~$536K in public offering of 366,000 shares at $2.00/share
Offered 366,000 common shares at $2.00 each; closed Oct 10, 2024.
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Gregor Campbell appointed permanent Executive Chairman of Sacks Parente Golf
Cash compensation of $240,000 per annum effective July 1, 2024.
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Sacks Parente Golf COO Scott White terminated effective May 10, 2024
Scott White terminated as Chief Operating Officer effective May 10, 2024.
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Sacks Parente Golf appoints Douglas Samuelson as CFO effective Sept 9, 2024
Samuelson, 65, has 25+ years finance experience; most recently part-time CFO at Kairos Pharma since 2019.
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Sacks Parente Golf CFO Steve Handy resigns to take CFO role at RDE, Inc.
Steve Handy resigned as CFO of Sacks Parente Golf, effective August 23, 2024.
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Sacks Parente Golf regains Nasdaq minimum bid price compliance after reverse split
Nasdaq confirmed compliance on August 13, 2024, resolving prior minimum bid price deficiency.
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Gregor Campbell appointed permanent Executive Chairman of Sacks Parente Golf
Appointment effective retroactively to July 1, 2024; cash compensation of $240,000 per annum.
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Sacks Parente Golf announces 1-for-10 reverse stock split effective July 30, 2024
Reverse split at 1:10 ratio, effective 12:01 a.m. ET on July 30, 2024; ticker SPGC unchanged.
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Sacks Parente Golf receives Nasdaq delisting notice; bid price below $1 and equity non-compliance
Nasdaq determination letter on June 4, 2024, citing failure to regain $1.00 bid price compliance by June 3, 2024.
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Newton Golf Shafts propels Doug Barron to first PGA TOUR Champions major win
Doug Barron won the Regions Tradition (May 9–12) using a Newton Motion driver shaft.
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Sacks Parente Golf COO Scott White departs effective May 3, 2024
Scott White departed as Chief Operating Officer on May 3, 2024.
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Sacks Parente Golf Q1 revenue $350k exceeds all FY2023; expects Q2 100% sequential growth
Q1 2024 revenue of $350k surpassed full-year FY2023 revenue; April 2024 expected to be record month.
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Sacks Parente Golf to present at Planet MicroCap Showcase on May 1, 2024
Company issued press release on April 23, 2024, announcing presentation at Planet MicroCap Showcase: Vegas 2024.
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Sacks Parente Golf expands Newton shaft line with Motion Fairway Woods shaft
New Newton Motion Fairway Woods shaft priced at $225, available for order from April 4, 2024.
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Sacks Parente Golf reports 2023 results; eyes 2024 revenue growth with Newton shafts
Raised $11.6M net from August 2023 IPO; invested in Missouri manufacturing facility.
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Sacks Parente's Newton Shafts signs PGA Tour Champions pro Ken Duke as first endorser
Newton Shafts, division of Sacks Parente Golf (SPGC), signs Ken Duke as its first professional player.
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Sacks Parente Golf puts premium putters in all 126 Club Champion stores nationwide
Expanded availability of all putter models, including Series 02 DRAC and Series 91 Duke.
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Sacks Parente Golf appoints Jane Casanta to board of directors; replaces Timothy Triplett
Casanta appointed to fill vacancy from Triplett's resignation; no committee assignment.