InvestmentApr 13, 2026, 04:07 PM
Newton Golf Secures $1M in Additional Funding from Notes & Warrants
AI Summary
Newton Golf Company, Inc. completed additional closings on its securities purchase agreement, securing an additional $1,000,000 in funding. The company issued unsecured convertible promissory notes and common stock warrants with an exercise price of $1.75 per share. This capital raise, which includes a $500,000 closing on April 7, 2026, and another on April 9, 2026, is part of an agreement for up to $2,000,000 in total funding.
Key Highlights
- Secured an additional $1,000,000 in funding from two closings.
- Issued unsecured convertible promissory notes and common stock warrants.
- Warrants allow purchase of common stock at an exercise price of $1.75 per share.
- Part of a larger agreement for up to $2,000,000 in aggregate funding.
Price Impact
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