Newton Golf Company, Inc. - 8-K Filing
Newton Golf Company completed a $500,000 first closing under its June Financing, issuing convertible notes with an interest rate of 10% (paid in kind) that convert into common stock at $1.60 per share after 18 months and warrants to purchase up to 50,000 shares at $1.75 each. The company had previously increased its financing cap from $2 million to $3 million on May 28, 2026. (Items: 1.01 Entry into a Material Definitive Agreement, 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, 3.02 Unregistered Sales of Equity Securities, 9.01 Financial Statements and Exhibits)
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