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