Monitor the company's cash burn rate and whether it draws further on the remaining $4M revolving credit facility. The heavy equity issuance at a $4M market cap signals ongoing capital needs.
Price Chart
How similar events traded
Executive Summary
Newton Golf raised $1.7M in gross proceeds from a common stock private placement third tranche ($1.2M at $1.24/share) and a preferred stock private placement ($500K at $1.00/share), and exchanged $1M of debt principal with lender Brynnwood for 211,693 common shares and 7,875 Series A preferred shares. The combined transactions add significant dilution to the $4M market cap company while providing cash and reducing debt.
Key Financial Metrics
Key Facts
- Third tranche of common stock private placement closed: 967,739 shares at $1.24/share for $1.2M gross proceeds
- Preferred stock private placement: 5,000 Series A shares at $1.00/share for $500K gross proceeds
- Debt exchange: $1M principal exchanged for 211,693 common shares and 7,875 Series A preferred shares
- Series A preferred stock convertible into common at $1.00/share
- Company has a $4M market cap; total new shares issued (common + convertible preferred) represent substantial dilution
- Revolving credit facility of up to $5M remains available after exchange
Financial Impact
Total gross proceeds of $1.7M from equity raises; $1M debt converted to equity; dilution from 967,739 common shares plus 211,693 common shares from exchange plus up to 12,875 Series A shares convertible at $1.00/share
Risk Factors
- Substantial dilution to existing shareholders from 1.18M+ new common shares and convertible preferred
- Company has only $4M market cap and is raising capital through multiple dilutive transactions, suggesting financial distress
- Remaining $4M revolver availability could lead to further debt-to-equity conversions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-050958 |
| Exhibit: ex10-4.htm | 0001493152-26-050958 |
| Document: form8-k.htm | 0001493152-26-050958 |
| Document: 0001493152-26-050958-index-headers.html | 0001493152-26-050958 |
| Document: 0001493152-26-050958-index.html | 0001493152-26-050958 |
| Document: 0001493152-26-050958.txt | 0001493152-26-050958 |
Track record
10 reports on NWTG
5 of 6 bullish or bearish reports moved the stock their way by T+20. Best: +43.74% at T+60 after the Apr 13, 2026 report. 6 of 6 went positive at some point.
Filters
- Nov 10, 2026today SC 13D/A Neutral 4/10 Entry $0.7000 Now $1.03 +47.14% settles Dec 10
- Nov 10, 20261d ago 8-K Bearish 6/10 Viewing Entry $0.6977 Now $1.03 −47.63% settles Dec 10
- Oct 13, 202629d ago 8-K Bearish 7/10 Entry $0.8601 to $0.6900 Now $1.03 −19.75% ▲ +19.78% +16.17% vs SPY
- Sep 24, 20266w ago 8-K Bearish 6/10 Entry $0.9630 to $0.9160 Now $1.03 −6.96% ▲ +4.88% +4.46% vs SPY
- Jul 9, 202617w ago 8-K Neutral 5/10 Entry $0.7820 to $1.06 Now $1.03 +31.71% ▲ +35.55% +33.31% vs SPY
- Jul 2, 202618w ago 8-K Bearish 6/10 Entry $0.8200 to $1.05 Now $1.03 −25.61% ▼ −28.05% −28.46% vs SPY
- Jun 8, 202622w ago 8-K Bearish 6/10 Entry $0.9950 to $0.8000 Now $1.03 −3.52% ▲ +19.60% +21.04% vs SPY
- May 20, 202625w ago 8-K Neutral 2/10 Entry $0.9500 to $1.03 Now $1.03 +8.42% ▲ +8.42% +7.68% vs SPY
- Apr 13, 202630w ago 8-K Bearish 7/10 Entry $1.39 to $1.13 Now $1.03 +25.90% ▲ +18.70% +25.00% vs SPY
- Apr 9, 202630w ago 8-K Bearish 8/10 Entry $1.37 to $1.23 Now $1.03 +24.82% ▲ +10.22% +17.79% vs SPY
US Market Status
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