Core Insights - NEWTON GOLF Company is participating in the 2025 PGA Show from January 21-24 in Orlando, Florida, showcasing its latest innovations in golf products [1][5] - The company will highlight two new shafts: the Newton Fast Motion Shafts designed for enhanced swing speed and control, and the Newton Motion LD Shafts which combine flexibility and stability for maximizing distance [2] - The full Newton Gravity putter line will also be on display, featuring patented Ultra Low Balance Point (ULBP) and Center of Gravity (CG) technology [3] Product Innovations - The Newton Fast Motion Shafts are constructed with advanced high-modulus Toray carbon fibers, reducing shaft weight by approximately 10 grams compared to the Motion series, allowing for faster swing speeds while maintaining stability [2] - The Newton Motion LD Shafts blend high flexibility and stability, developed in response to trends on the World Long Drive Tour, providing a unique solution for players seeking speed and control [2] - The current full Newton Gravity putter line includes models such as Classic, DEUCE, DUKE, DRAC, and PRISM, all featuring the company's signature technologies [3] Event Participation - Attendees can experience the performance of new products firsthand at the PGA Show's Demo Day on January 21 at the Orange County National Golf Center [3] - From January 22 to 24, the company will showcase its products at Booth 1405 in the Orange County Convention Center, with representatives available for discussions [4] Company Background - NEWTON GOLF is a technology-forward golf company with a growing portfolio of products, including putters, shafts, grips, and accessories, known for innovations like the First Vernier Acuity putter and ultra-light carbon fiber putter shafts [6] - The company expanded its manufacturing capabilities in April 2022 by opening a new shaft manufacturing facility in St. Joseph, MO, aiming to produce most products in the United States [7][8] - Future expansions may include mergers, acquisitions, or internal developments to enhance its premium brand offerings [9]

Core Insights - NEWTON GOLF Company has appointed Ryan Stearns as Chief Financial Officer, bringing over two decades of financial expertise to the role [1][2] - Stearns will focus on the company's financial strategy, operational reporting, and technology integration to support growth and global expansion [2][4] - His previous experience includes securing $130 million in financing and scaling a life science company from a $12 million startup to a $500 million valuation [3] Company Overview - NEWTON GOLF is a technology-forward golf company with a portfolio that includes putters, golf shafts, grips, and accessories [1][5] - The company has innovative products such as the First Vernier Acuity putter and patented Ultra-Low Balance Point (ULBP) technology [5] - NEWTON GOLF expanded its manufacturing capabilities in April 2022 to develop premium golf shafts, aiming to manufacture most products in the United States [6] Future Growth Strategy - The company plans to broaden its offerings through mergers, acquisitions, or internal product development that complements its premium brand [7] - Products are sold through various channels, including resellers, the company's website, and retail stores in the United States, Japan, and South Korea [7]

Core Viewpoint - Sacks Parente Golf, Inc. successfully closed a public offering, raising approximately $8.4 million before expenses, to support its growth in the golf product market [1]. Group 1: Offering Details - The offering included 7,000,000 Common Units priced at $1.20 each, consisting of one share of Common Stock and two types of warrants (Series A and Series B) [2]. - Each Series A Common Warrant has an initial exercise price of $2.40 per share and is exercisable after stockholder approval for 60 months [2]. - Each Series B Common Warrant also has an initial exercise price of $2.40 per share and is exercisable after stockholder approval for 30 months [2]. Group 2: Underwriting and Legal Counsel - Aegis Capital Corp. served as the sole book-running manager for the offering, while TroyGould and Kaufman & Canoles, P.C. acted as legal counsel for the Company and Aegis, respectively [4]. Group 3: Registration and Prospectus - A registration statement on Form S-1 was declared effective by the SEC on December 11, 2024, and the offering was made only by means of a prospectus [5]. Group 4: Company Overview - Sacks Parente Golf, Inc. is a technology-driven golf company with a portfolio that includes innovative products such as the First Vernier Acuity putter and ultralight carbon fiber putter shafts [7].

Core Viewpoint - Sacks Parente Golf, Inc. has announced a public offering expected to generate approximately $8.4 million in gross proceeds, aimed at supporting its growth in the golf product market [1][4]. Group 1: Offering Details - The offering includes 7,000,000 Common Units, each comprising one share of Common Stock or one Pre-Funded Warrant, along with Series A and Series B Common Warrants [2]. - The public offering price is set at $1.20 per Common Unit, with Pre-Funded Units priced at $1.199, reflecting a minimal exercise price for the Pre-Funded Warrants [2]. - The Series A and Series B Common Warrants have an initial exercise price of $2.40 per share and are subject to stockholder approval, with expiration periods of 60 months and 30 months, respectively [2]. Group 2: Underwriting and Closing - Aegis Capital Corp. is the sole book-running manager for the offering, and the transaction is expected to close around December 13, 2024, pending customary closing conditions [3][5][4]. - Aegis has been granted a 45-day option to purchase additional shares to cover over-allotments, up to 15% of the shares sold in the offering [3]. Group 3: Use of Proceeds - The net proceeds from the offering, combined with existing cash, will be utilized for general corporate purposes and working capital [4]. Group 4: Company Overview - Sacks Parente Golf, Inc. is a technology-driven golf company with a diverse portfolio of products, including putters, shafts, grips, and accessories, known for innovations like the First Vernier Acuity putter and patented Ultra-Low Balance Point technology [8].

Financial Performance - Net sales increased by $1,116,000, or 1,175%, to $1,211,000 for the three months ended September 30, 2024, compared to $95,000 for the same period in 2023[93]. - Gross profit rose to $805,000 for the three months ended September 30, 2024, representing a 1,964% increase from $39,000 in the same period of 2023[92]. - Cost of goods sold increased to $406,000, up 625% from $56,000 for the three months ended September 30, 2023, resulting in a gross margin of 66%[94]. - Net sales increased by $2.1 million, or 923%, to approximately $2.4 million for the nine months ended September 30, 2024, compared to $232,000 for the same period in 2023[102]. - Gross profit rose to $1.5 million for the nine months ended September 30, 2024, reflecting a 1,431% increase from $98,000 in 2023, with a gross margin of 63%[103]. Expenses - Research and development expenses surged to $201,000, a 1,240% increase from $15,000 in the same period of 2023, due to costs associated with the Newton Motion fairway wood shaft[97]. - Selling, general and administrative expenses increased by approximately $499,000 to $1.7 million for the three months ended September 30, 2024, compared to $1.2 million in the same period of 2023[96]. - Operating expenses totaled $5.0 million, a 79% increase from $2.8 million in 2023, driven by a 931% increase in research and development costs to $598,000[104][106]. Losses - Loss from operations decreased to $1,090,000 for the three months ended September 30, 2024, compared to $1,171,000 for the same period in 2023, reflecting improved net sales and gross profit[98]. - Loss from operations increased to $3.5 million for the nine months ended September 30, 2024, compared to $2.7 million in 2023, marking a 31% rise[107]. - Net loss decreased to $1,060,000 for the three months ended September 30, 2024, down from $1,197,000 in the same period of 2023[100]. - Net loss for the nine months ended September 30, 2024, was $3.4 million, a 22% increase from $2.8 million in 2023[109]. Cash Flow and Liquidity - Cash used in operating activities was $3.4 million for the nine months ended September 30, 2024, a decrease from $3.8 million in 2023[112]. - Cash and cash equivalents on hand as of September 30, 2024, amounted to $1.3 million, expected to last for at least the next 3 months[118]. - The company raised $11.6 million from its initial public offering in August 2023, which has contributed to its liquidity position[116]. - The company incurred net cash used in investing activities of $463,000 for the nine months ended September 30, 2024, compared to $101,000 in 2023[113]. - Interest income was $139,000 for the nine months ended September 30, 2024, compared to interest expense of $68,000 in 2023, reflecting a significant improvement[108]. Stock and Compliance - The company completed a secondary public offering on October 10, 2024, raising approximately $536,000 in net proceeds[81]. - The company received a deficiency letter from NASDAQ regarding the minimum bid price requirement, but successfully regained compliance by August 13, 2024, after a reverse stock split[84][86]. - The Company has never paid cash dividends and does not expect to do so in the foreseeable future, resulting in an expected dividend yield of zero[132]. - The Company is classified as a smaller reporting company and is not required to provide certain disclosures under the Securities Exchange Act[139]. Internal Controls and Reporting - As of September 30, 2024, the Company's disclosure controls and procedures were deemed effective, providing reasonable assurance for timely reporting as per SEC rules[135]. - There were no changes in the Company's internal control over financial reporting during the quarter ended September 30, 2024, that materially affected its effectiveness[136]. - Management acknowledges inherent limitations in the effectiveness of controls, which may not prevent all errors or fraud[137]. Stock Options - The Company estimated the fair value of stock options using the Black-Scholes model, with expected stock volatility based on peer companies in the consumer products industry[132]. - The expected term of stock options granted to nonemployees is equal to the contractual term of the option award[132]. - The risk-free interest rate for stock options is based on the U.S. Treasury yield curve at the time of the award grant[132]. - The fair value of common stock was estimated using various methodologies, reflecting external market conditions and the likelihood of achieving a liquidity event[133]. Legal Matters - The Company has no pending legal proceedings that could materially affect its business or financial condition[139].

Core Viewpoint - Sacks Parente Golf, Inc. has successfully closed a public offering of 366,000 shares of common stock, raising approximately $732,000 in gross proceeds, which will be used for general corporate and working capital needs [1][2]. Group 1 - The offering closed on October 10, 2024, and the company has granted Aegis Capital Corp. a 45-day option to purchase additional shares, potentially increasing total gross proceeds to approximately $842,000 if fully exercised [2][3]. - Aegis Capital Corp. served as the sole book-running manager for the offering, with legal counsel provided by TroyGould PC for the company and Kaufman & Canoles, P.C. for Aegis Capital Corp. [4]. - The offering was conducted under an effective registration statement on Form S-3, which was declared effective by the SEC on September 23, 2024 [5]. Group 2 - Sacks Parente Golf, Inc. is characterized as a technology-forward golf company, offering a range of products including putters, golf shafts, grips, and accessories, with innovative technologies such as the patented Ultra-Low Balance Point putter technology [7].

Core Viewpoint - Sacks Parente Golf, Inc. has announced a public offering of 366,000 shares of common stock, aiming to raise approximately $732,000 before expenses, with potential total gross proceeds of about $842,000 if an overallotment option is fully exercised [1][3]. Group 1: Offering Details - The company intends to use the net proceeds from the offering for general corporate and working capital needs [2]. - The offering is expected to close on or about October 10, 2024, pending customary closing conditions [2]. - Aegis Capital Corp. has been granted a 45-day option to purchase up to 15% additional shares to cover overallotments [3]. Group 2: Company Background - Sacks Parente Golf, Inc. is a technology-forward golf company with a portfolio that includes putters, golf shafts, grips, and accessories [7]. - The company has developed innovative products such as the First Vernier Acuity putter and patented Ultra-Low Balance Point (ULBP) putter technology [7].

CAMARILLO, CA, Sept. 09, 2024 (GLOBE NEWSWIRE) -- NEWTON GOLF: A Sacks Parente Company (Nasdaq: SPGC) ("NEWTON GOLF" or the "Company"), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, announces the appointment of Doug Samuelson as its Chief Financial Officer, effective as of September 9, 2024. "Doug's extensive accounting and financial reporting experience, including roles as CFO of a number of publi ...

Introducing NEWTON GOLF: A Sacks Parente Company that offers putters and golf shafts and has ambitious plans for growth CAMARILLO, CA, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Sacks Parente Golf, (Nasdaq: SPGC) ("SPG" or the "Company"), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, announces a significant evolution in its corporate brand identity. Effective immediately, the Company will restructure its p ...

CAMARILLO, CA, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Sacks Parente Golf, Inc. (Nasdaq: SPGC) ("SPG" or the "Company"), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, announces that Greg Campbell, Executive Chairman, will present a corporate overview at the Investor Summit Summer 2024 Conference. The conference is being held virtually on August 20, 2024. Mr. Campbell will be available for one-on-one meet ...