Newton Golf prices $1 million Nasdaq-linked private placement, with floor at $1.24 a share - NWTG News | RalliesNewton Golf prices $1 million Nasdaq-linked private placement, with floor at $1.24 a share
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NWTG• Private placement details
- Newton Golf entered a private placement on Aug. 14, 2026 to sell common stock in tranches for up to $5 million.
- First tranche closed Aug. 14 for $1 million in gross proceeds.
- Shares priced at least $1.24 each, tied to recent Nasdaq closing prices.
- Resale registration required within 45 days of each tranche closing, targeting effectiveness within 90 days of the filing deadline.
- Sale treated as unregistered under Section 4(a)(2) and Rule 506, limited to accredited investors or qualified institutional buyers.
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