Newton Golf raises $500K in convertible debt, expands facility to $3M with $950K available

Filed June 8, 2026 · Period ending June 3, 2026 · ~1 min read

Key Changes

• high

  Company closed $500K convertible note on June 3, bringing total debt raised to $2.05M. Board expanded facility from $2M to $3M, leaving $950K available for future draws.

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• high

  Notes mature in 18 months with 10% interest paid in kind, auto-convert to stock at $1.60/share. Company can force conversion if stock trades at $3.00+ for 10 consecutive days.

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• medium

  Investors receive warrants to buy 1 share at $1.75 for every $10 of notes, exercisable for 5 years. This financing issued 50,000 warrants, adding to potential dilution.

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