Newton Golf issues 232,202 shares in unregistered warrant exchange deal
NWTG•Newton Golf issued 232,202 unregistered common shares on Sept. 21-22, 2026, to three holders in exchange for warrants previously exercisable for 749,999 shares.
1. Warrant exchange
Newton Golf issued 232,202 unregistered common shares to three holders on Sept. 21-22, 2026, under warrant exchange agreements. The shares replaced Series A Common Warrants previously exercisable for 749,999 common shares, and the issuance relied on a Securities Act Section 3(a)(9) exemption.
2. Exchange terms
The exchange price used $0.35 per underlying warrant share, divided by a Nasdaq closing-price metric under Listing Rule 5635(d). The holders also received a 12-month option to buy a pro rata share of 10% of stock in most future offerings, excluding exempt issuances and ATM sales.
