Loan & DebtJul 2, 2026, 09:03 AM
Newton Golf Issues $200K Convertible Notes & Warrants in Latest Closing
AI Summary
Newton Golf Company, Inc. completed an additional closing on its securities purchase agreement, issuing $200,000 in Convertible Notes and Warrants to purchase 20,000 shares of common stock. This latest transaction brings the total principal amount of Convertible Notes issued to $2,050,000 and Warrants for 205,000 shares. The company still has authorization to issue an additional $750,000 in Convertible Notes and Warrants for 75,000 shares under the agreement.
Key Highlights
- Newton Golf completed an additional closing on its securities purchase agreement on June 26, 2026.
- Issued $200,000 in Convertible Notes and Warrants to purchase 20,000 shares.
- Received $200,000 in cash proceeds from the latest closing.
- Total Convertible Notes issued to date amount to $2,050,000.
- Total Warrants issued to date allow purchase of 205,000 shares.
- Remaining authorization for Convertible Notes is $750,000 and 75,000 Warrant Shares.
- Convertible Notes mature in 18 months, accrue 10% annual interest, and convert at $1.60 per share.
- Warrants expire in five years and have an exercise price of $1.75 per share.
Price Impact
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