News Summary
Newton Golf Company has unveiled its new identity, transitioning from Sacks Parente Golf, Inc. to better signify its commitment to golf innovation and advanced technology. The rebranding nods to Sir Isaac Newton, reflecting a focus on engineering in developing premium golf equipment. The company has announced a reverse stock split and a new ticker symbol, NWTG, set to take effect soon. With recently raised funds and a manufacturing commitment in the USA, they are gearing up for an exciting array of new products, including the highly regarded Gravity Premium Series putters.
Newton Golf Company Unveils New Identity, Aiming for Innovation in the Golf Space
Golf lovers, gather ’round! Exciting changes are in the air as Newton Golf Company, formerly known as Sacks Parente Golf, Inc., is stepping up its game! The company has officially rebranded to better reflect its commitment to golf innovation and advanced technology in the sport. The name change pays a nod to the great scientist Sir Isaac Newton, symbolizing the company’s focus on using engineering and physics in creating top-notch golf equipment. Get ready, golfers, because there’s a new era at Newton Golf!
What Does This Mean for Investors?
In an effort to streamline operations and attract new investments, the Board of Directors has approved a 1-for-30 reverse stock split, set to take effect on March 17, 2025. This means for every 30 shares you own, you’ll have one after the split. While such changes can seem intimidating, rest easy! Shareholders won’t need to lift a finger, as their holdings will be automatically adjusted. Alongside this move, the company will be trading under the fresh ticker symbol NWTG on the Nasdaq Capital Market starting on the same date.
Funding Future Innovations
Recently, Newton Golf Company has also made waves by raising about $8.4 million through a public offering completed in December 2024. This funding will help fuel the company’s ambitious plans for product development and enhance operational capabilities. As any golfer knows, having cutting-edge equipment can really help elevate your game, and Newton Golf is determined to deliver just that!
Manufacturing Excellence in the USA
All manufacturing of Newton Golf’s products takes place in the United States, which allows them to maintain a strict quality control process. With a firm commitment to the “Made in the USA” label, golfers can trust that their gear is crafted with care and precision. So next time you’re on the course, remember that the clubs and accessories you’re using have an American touch.
Innovative Product Portfolio in the Works
The rebranding is not just a name; it signifies the kickoff of their exciting new product lineup, which includes high-performance shafts, putters, grips, and various accessories. Their latest offering, the Gravity Premium Series of putters, is designed with advanced technology to enhance putting performance and consistency. You can expect a major improvement in your short game with this fresh equipment on your side!
Endorsements That Matter
This isn’t just marketing talk, folks! The new Gravity putters have garnered approval from none other than PGA Tour Champions player Ken Duke, who has praised their quality and innovative design. When a seasoned pro backs your gear, you know it’s good!
Looking Forward
While the company is shaking things up and setting new standards in golf technology, it’s clear that the strategy is working. Newton Golf has reported improved sales and an increasing acceptance of their unique technology. Driven by a spirit of innovation, the company is gearing up to lead the market in golf equipment.
Connect and Stay Updated
For the curious golfers wanting to keep tabs on all things Newton Golf, information is easily accessible. Shareholders can find contact details through VStock Transfer, LLC, with investor relations queries directed to Scott McGowan at InvestorBrandNetwork. Plus, with their official website and engaging social media channels, there’s no excuse to miss out on updates.
As Newton Golf Company embarks on this thrilling new chapter, it’s safe to say that players from all skill levels will want to pay attention. With their innovative spirit and commitment to golfing excellence, the future looks bright for this on-the-rise brand!
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Additional Resources
- GlobeNewswire: Newton Golf Company Announces Name Change and 1-for-30 Reverse Stock Split
- GlobeNewswire: NEWTON GOLF Company Provides Preliminary Financial Results for Fourth Quarter 2024 and Full Year 2024
- GlobeNewswire: NEWTON GOLF Company Appoints Ryan Stearns as Chief Financial Officer
- Encyclopedia Britannica: Golf
- Google Search: Newton Golf Company
