# Newton Golf Company, Inc. (NWTG) — bankruptcy [pending]
Source: SEC API (secapi.ai) · situation sit_9e082648dc49415cca84 · retrieved 2026-08-11T16:12:01.540Z

## Overview
Newton Golf Company manufactures golf equipment and accessories; it previously operated under the name Sacks Parente Golf, Inc.

On July 6, 2026, Newton Golf Company, Inc. entered into Exchange Agreements with holders of existing convertible promissory notes. The Company issued an aggregate of 24,092.61 shares of Series A Convertible Preferred Stock (par value $0.01 per share) in exchange for approximately $2.3 million of Existing Notes, inclusive of accrued interest. The number of Series A Preferred Stock shares issued to each holder was determined by dividing 105% of the outstanding principal amount (including accrued interest) of the applicable Existing Note by the Original Issue Price of $1.00 per share. The Series A Preferred Stock is convertible into Common Stock at an initial conversion price of $1.00 per share. The Exchange was made in reliance on Section 3(a)(9) of the Securities Act of 1933, which exempts exchanges by the issuer with existing security holders where no commission or remuneration is paid for soliciting the exchange.

## Terms
- Counterparty: Holders of existing convertible promissory notes · Deal value: $2.3M · Consideration: mixed · Price/share: $1

## Key dates
- Announced 2026-07-09 · Expected close 2026-07-06

## Timeline
- 2026-07-09 · 8-K (0001493152-26-032613): 8-K - Newton Golf Company, Inc. — *Newton Golf Company manufactures golf equipment and accessories; it previously operated under the name Sacks Parente Golf, Inc.* On July 6, 2026, Newton Golf Company, Inc. entered into Exchange Agreements with holders of existing convertible promissory notes. The Company issued an aggregate of 24,092.61 shares of Series A Convertible Preferred Stock (par value $0.01 per share) in exchange for approximately $2.3 million of Existing Notes, inclusive of accrued interest. The number of Series A Preferred Stock shares issued to each holder was determined by dividing 105% of the outstanding principal amount (including accrued interest) of the applicable Existing Note by the Original Issue Price of $1.00 per share. The Series A Preferred Stock is convertible into Common Stock at an initial conversion price of $1.00 per share. The Exchange was made in reliance on Section 3(a)(9) of the Securities Act of 1933, which exempts exchanges by the issuer with existing security holders where no commission or remuneration is paid for soliciting the exchange.
  https://www.sec.gov/Archives/edgar/data/1934245/0001493152-26-032613.txt

## Citations
- 0001493152-26-032613 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226032613