Newton Golf Company, Inc. (NWTG) Form 8-K — Sep 18, 2026
Newton Golf Company closed a $271,000 second tranche of its private placement on September 15, 2026, issuing 215,079 common shares to an additional investor at $1.26 per share. The raise is an incremental piece of a tranche-based private placement launched under an August 14, 2026 Securities Purchase Agreement, which already closed a $1,000,000 first tranche and permits additional closings until aggregate proceeds reach up to $5,000,000. Under the registration rights agreement, the company must file a resale registration statement within 45 days of each tranche closing, meaning the newly issued shares will become freely tradable and could add selling pressure once effective.
Key figures
- Gross Proceeds
- 271000
- Offering Price
- 1.26
- Shares Offered
- 215079
- Exemption
- Section 4(a)(2) / Rule 506 of Regulation D
- First Tranche Close Date
- 2026-08-14
- Second Tranche Close Date
- 2026-09-15
- First Tranche Gross Proceeds
- 1000000
- Aggregate Placement Capacity
- 5000000
- Registration Filing Deadline Days
- 45
AI analysis
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