Newton Golf entered into an additional closing under its securities purchase agreement to secure $200,000 in funding via an unsecured convertible note and accompanying warrants. The program allows up to $3.0 million in notes and 300,000 warrants; to date, $2.25 million of notes and 225,000 warrants have been issued, with $750,000 and 75,000 remaining authorized. Notes carry 10% PIK interest, mature in 18 months, and convert at $1.60 per share; warrants are exercisable at $1.75 and expire in five years. The financing is expected to support liquidity and ongoing operations.
Agreement details:
- Agreement type: Securities purchase agreement for unsecured convertible notes and warrants
- Counterparty: Multiple accredited investors
- Signed / Effective: Jun 26 2026 / same
- Duration / Termination: Notes: 18 months; Warrants: 5 years
- Reason: Raise growth capital and strengthen liquidity
Original SEC Filing:
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