Sacks Parente Golf, Inc. Announces Closing of Upsized $8.4 Million Underwritten Public Offering

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].