On March 16, 2026, Newton Golf Company, Inc. entered into a securities purchase agreement to raise up to $2 million through the issuance of unsecured promissory notes and common stock warrants. The financing arrangement includes the issuance of Convertible Notes with a principal amount of $500,000 and warrants to purchase 50,000 shares of common stock at an exercise price of $1.75 per share. The Convertible Notes will mature in 18 months and accrue interest at an annual rate of 10%, payable in kind. The notes are convertible into shares of common stock at a conversion price of $1.60 per share, subject to certain conditions. This financing is expected to enhance the company's liquidity position, allowing it to fund operations and growth initiatives. The transaction was structured to comply with Nasdaq Listing Rule 5635(c), which permits the issuance of securities to directors without requiring stockholder approval. The financing is seen as a strategic move to bolster the company's financial flexibility and support its operational objectives.

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