Core Points - NEWTON GOLF Company has approved a share repurchase authorization of up to $1 million of its common stock, effective from January 31, 2025, to January 31, 2026, with repurchases subject to market conditions and other factors [1] - The Executive Chairman of NEWTON GOLF expressed confidence in the company's business and growth outlook, attributing the ability to repurchase shares to the growing adoption of their Newton Motion replacement shafts [2] - NEWTON GOLF is a technology-forward golf company with a portfolio that includes putters, golf shafts, grips, and accessories, known for innovations like the First Vernier Acuity putter and patented Ultra-Low Balance Point technology [3] Company Developments - 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 and expand into golf apparel [4] - Future growth may involve mergers, acquisitions, or internal development of complementary product lines, with current sales channels including resellers, the company's websites, and retail stores in the U.S., Japan, and South Korea [5]
NEWTON GOLF Announces $1 Million Share Repurchase Authorization