Newton Golf Company, Inc.: Nasdaq noncompliance with $2,500,000 equity rule

What happened

• Newton Golf Company, Inc. filed a Current Report on Form 8-K reporting that on Oct 6, 2026 the Nasdaq Listing Qualifications Department (the “Staff”) determined the Company has not demonstrated compliance with Nasdaq Listing Rule 5550(b)(1), which requires a minimum of $2,500,000 in stockholders’ equity.
• The filing states the Company intends to timely request a hearing before a Nasdaq Hearings Panel to appeal the Staff Determination; a hearing request will stay the suspension of trading and the filing of a Form 25-NSE pending the Panel’s decision.

Key details

• The Company received a deficiency letter from the Staff on Apr 6, 2026.
• The Company submitted materials to the Staff on May 21, 2026 and Aug 20, 2026 describing its plan to regain compliance.
• The Staff issued the Staff Determination on Oct 6, 2026 that the Company has not demonstrated compliance with the Stockholders’ Equity Requirement.
• Unless the Company requests an appeal by Oct 13, 2026, trading will be suspended at the opening of business on Oct 15, 2026 and a Form 25-NSE will be filed to remove the Company’s securities from listing and registration on Nasdaq.

Why it may matter

• The filing reports Item 3.01: notice of delisting or failure to satisfy a continued listing rule or standard, specifically noncompliance with the Nasdaq stockholders’ equity requirement and the potential suspension and delisting process described by Nasdaq.
• The filing also contains forward-looking statements about the Company’s intention to request a hearing and its ability to regain compliance, and lists risks and uncertainties related to those statements.
• This filing does not show why the insider traded or why the company acted.