Newton Golf Company (NWTG) Registration Filing summary

Company overview and business model

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

• Sells products through company websites, resellers, and distributors in the US, Japan, and South Korea, with plans to expand into apparel and other golf-related lines.

• Intends to manufacture and assemble most products in the US as economically feasible and may expand via mergers, acquisitions, or internal development.

Financial performance and metrics

• As of August 9, 2024, the aggregate market value of outstanding common stock held by non-affiliates was $2,542,600, with 1,459,587 shares outstanding and 758,985 held by non-affiliates.

• The last reported sale price of common stock on Nasdaq Capital Market was $3.35 per share on August 9, 2024.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for working capital, R&D, capital expenditures, general corporate purposes, acquisitions, asset or business purchases, stock repurchases, or other purposes described in prospectus supplements.

• Management has broad discretion over the allocation and timing of proceeds.