Newton Golf issues 232,202 shares in unregistered warrant exchange deal
Bitget2026/09/24 11:46- Newton Golf issued 232,202 unregistered common shares on Sept. 21-22, 2026 via warrant exchange agreements with three holders.
- The shares replaced Series A Common Warrants previously exercisable for 749,999 common shares.
- Issuance relied on a Securities Act Section 3(a)(9) exemption.
- Exchange price used $0.35 per underlying warrant share, divided by a Nasdaq closing-price metric under Listing Rule 5635(d).
- Holders received a 12-month option to buy a pro rata share of 10% of stock in most future offerings, excluding exempt issuances or ATM sales.
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