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].
Sacks Parente Golf Inc. Announces Pricing of $732,000 Underwritten Public Offering of Shares of Common Stock