NWTG Institutional Ownership & 13F Filings

Newton Golf Company exchanged about $2.3 million of existing convertible promissory notes (including accrued interest) for newly created Series A Convertible Preferred Stock. The company issued 24,092.61 shares of the preferred stock at $1.00 per share to the noteholders who agreed to the exchange. The board chairman participated on the same terms as other holders. The preferred shares are convertible into common stock at $1.00 per share, and the company committed to file a resale registration statement within 30 days.

Newton Golf Company entered into a loan agreement on July 1, 2026, securing a $5 million revolving credit facility from Brynnwood, LLLP. The loan is backed by substantially all of the company’s assets, matures in two years, and carries an interest rate of SOFR plus 13% (22% upon default). Newton Golf also paid a 2% commitment fee.

Newton Golf Company completed another closing of its securities purchase agreement, issuing a $200,000 convertible note and a warrant to buy 20,000 shares of common stock at $1.75 per share. The company has now raised a total of $2.05 million through these notes, which carry 10% annual interest and convert into common stock at $1.60 per share at maturity. Newton Golf still has capacity to issue up to $750,000 more in notes and warrants for 75,000 additional shares.