Newton Golf Closes Second Tranche of Private Placement, Raises $271K

What Happened Newton Golf Company, Inc. announced it closed a second tranche of a previously disclosed private placement on September 15, 2026. The September Investor purchased 215,079 shares of common stock at $1.26 per share for aggregate gross proceeds of $271,000 pursuant to the Securities Purchase Agreement dated August 14, 2026. The first tranche closed on August 14, 2026 for $1,000,000; the offering is structured in tranches up to an aggregate of $5,000,000.

Key Details

• Second tranche closed: September 15, 2026 — 215,079 shares at $1.26 per share; proceeds $271,000.
• Aggregate raised to date from tranches: $1,271,000 (First Tranche $1,000,000 + Second Tranche $271,000).
• Registration rights: Company must file an SEC registration statement to register resale of the investor shares within 45 days after each tranche closing and use commercially reasonable efforts to have it declared effective within specified deadlines.
• Offering exempt from registration under Section 4(a)(2) and Rule 506 of Regulation D; investors represented they are accredited or QIBs and purchased for investment.

Why It Matters This filing documents a fresh capital infusion that increases the company’s cash resources without a public offering. The private placement can provide working capital, but it issues new common shares—which dilutes existing shareholders—and includes registration rights that may enable investors to sell their shares into the market once the registration statement is effective. Investors should note the offering may continue in additional tranches up to $5 million total, which could lead to further dilution and added share supply if fully subscribed.