News Summary
Newton Golf Company, formerly known as Sacks Parente Golf, Inc., is set to officially change its name on March 11, 2025, reflecting its dedication to innovation in golf technology. Along with the name change, a 1-for-30 reverse stock split will take effect on March 17, 2025, aimed at attracting institutional investors. The company is also focusing on enhancing golf performance through advanced technology, and it has launched a new corporate website to improve investor relations. This transformation marks a pivotal moment for the company as it aims to push the boundaries of golf equipment.
Exciting Changes Ahead for Newton Golf Company!
Golf enthusiasts, there’s exciting news brewing in the world of golf technology! Newton Golf Company, which you may know as Sacks Parente Golf, Inc., is stepping up its game in a big way with a corporate name change that reflects its commitment to innovation in the sport. The name change will officially take effect on March 11, 2025, and it will mark a pivotal moment for the company as they pivot towards advancing the future of golf.
A Name that Reflects a Legacy
The new name, Newton Golf, pays homage to the legendary physicist Sir Isaac Newton, emphasizing the science that underpins golf performance technology. This shift signifies more than just a new sign on the door; it represents the company’s deep dedication to leveraging advanced physics and precision engineering to create superior golf products.
Stock Split Strategy
But that’s not all! Alongside the name change, the company’s Board of Directors has approved a 1-for-30 reverse stock split, which will take effect on March 17, 2025. This move is designed to attract more institutional investors, giving the company a firmer foothold in the public market. Starting on the effective date, you can also expect to see their common stock trading under the new ticker symbol NWTG on the Nasdaq Capital Market.
Enhancing Golf Performance
For fans of the sport, this news circles back to a very exciting focus: pushing the boundaries of golf equipment performance. Newton Golf is investing in technology that aims to enhance essential golf metrics such as distance, control, and consistency. By utilizing cutting-edge engineering, Newton Golf is dedicated to crafting products that take your game to the next level.
A Strong Financial Position
In December 2024, the company completed an underwritten public offering that raised approximately $8.4 million before expenses. This infusion of capital is set to fuel its strategic initiatives and pave the way for future innovations in golf products that will cater to golfers of all skill levels.
What to Expect as a Shareholder
For existing shareholders, there’s no need to worry. Shareholdings will be automatically adjusted to reflect the reverse stock split, meaning you won’t need to take any action. This process ensures that everything remains streamlined and efficient for current investors.
Improved Investor Relations
As part of this corporate evolution, Newton Golf has launched a brand-new corporate and investor relations website, NewtonGolfir.com. This site aims to enhance transparency and accessibility for investors, providing timely access to corporate news, financial filings, and a wide array of investor materials. The revamped website features comprehensive resources that promise an improved user experience.
The Heart of Craftsmanship
At its core, Newton Golf is committed to superior craftsmanship and quality control. Every product is manufactured in the USA at their facility in St. Joseph, ensuring that golfers can trust the equipment they’re using on the green. The integration of scientific principles into all of their products showcases their dedication to creating precisely engineered clubs that truly enhance golf performance.
In Summary
This is an exciting time for golf enthusiasts and investors alike as Newton Golf embarks on this fresh chapter. With a commitment to innovation, science, and superior craftsmanship, players of all skill levels can look forward to next-level golf equipment that could very well change how the game is played! So, keep your eyes peeled for more developments as Newton Golf continues its journey towards transforming the future of golf.
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Additional Resources
- GlobeNewswire: Newton Golf Company Announces Name Change and 1-for-30 Reverse Stock Split
- GlobeNewswire: Newton Golf Launches New Corporate and Investor Relations Website
- GlobeNewswire: Sacks Parente Golf Inc. Announces Closing of $732,000 Underwritten Public Offering
- Wikipedia: Golf
- Google Search: Newton Golf
