Newton Golf Company (NWTG) Registration Filing summary

Company overview and business model

• Technology-forward golf company with a portfolio including putters, shafts, grips, and related products, with manufacturing expansion into premium golf shafts in 2022.

• Sells products through websites, resellers, and distributors in the US, Japan, and South Korea.

• Plans to expand into golf apparel and other product lines, considering growth via mergers, acquisitions, or internal development.

Financial performance and metrics

• As of August 9, 2024, public float was $2,542,600 based on 758,985 shares held by non-affiliates at $3.35 per share.

• Aggregate market value of outstanding common stock held by non-affiliates is below $75 million, limiting public primary offerings to 1/3 of public float in any 12-month period.

Use of proceeds and capital allocation

• Net proceeds intended for working capital, R&D, capital expenditures, general corporate purposes, acquisitions, asset or business purchases, or stock repurchases.

• Management has broad discretion over allocation and timing of expenditures.