Newton Golf raises $850K in convertible debt, bringing total financing to $1.35M

Filed April 13, 2026 · Period ending April 7, 2026 · ~1 min read

Key Changes

• high

  Company completed three closings (April 7-9) issuing $850K in convertible notes plus 85,000 warrants, bringing cumulative proceeds to $1.35M of $2M available under March 2026 facility.

  Item 1.01 verify on EDGAR →
• high

  Notes mature in 18 months (Oct 2027), carry 10% interest paid-in-kind, and convert to common stock at $1.60/share. At current terms, $1.35M would convert to ~844K shares, diluting existing holders.

  Item 1.01 verify on EDGAR →
• medium

  Company can force conversion if stock trades at or above $3.00 for 10 consecutive trading days, potentially triggering dilution earlier than maturity.

  Item 1.01 verify on EDGAR →