Newton Golf Company Secures Up To $3M Financing Via Notes and Warrants

Newton Golf Company, Inc. has entered into a securities purchase agreement for a financing round, increasing the total potential amount to $3,000,000 through the issuance of convertible notes and common stock warrants. The company completed its first closing under this new agreement on June 3, 2026, issuing $500,000 in convertible notes and warrants for 50,000 shares, receiving $500,000 in cash proceeds. The convertible notes have an 18-month maturity, accrue 10% interest, and convert into common stock at $1.60 per share. Warrants are exercisable at $1.75 per share and expire in five years.