Company Overview - Newton Golf Company has changed its corporate name from Sacks Parente Golf, Inc. to better reflect its commitment to innovation in golf equipment [1][4] - The company will begin trading under the new ticker symbol "NWTG" on Nasdaq starting March 17, 2025 [1][2] Reverse Stock Split - The Board of Directors has approved a 1-for-30 reverse stock split, effective at the opening of trading on March 17, 2025 [2][6] - Every 30 shares of common stock will convert into one share, with no fractional shares issued; any fractions will be rounded up to the nearest whole share [8] Financial Position - In December 2024, the company raised approximately $8.4 million through an underwritten public offering, enhancing its ability to advance strategic initiatives and product development [4] - The reverse stock split is intended to attract institutional investors and strengthen the company's position in public markets [6] Product Innovation - Newton Golf aims to revolutionize golf performance technology by leveraging advanced physics and precision engineering [3][4] - The company focuses on high-performance products, including innovative golf shafts, putters, and grips designed for golfers of all skill levels [9]
Newton Golf Company Announces Name Change and 1-for-30 Reverse Stock Split