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Sacks Parente Golf Inc (SPGC) delivers technology-driven golf equipment through precision engineering and innovative design. This news hub provides investors and industry professionals with verified updates on financial performance, product developments, and strategic initiatives.
Access official press releases covering quarterly earnings, new product launches, and partnership announcements. Our curated collection ensures transparency about the company's market position in golf technology and manufacturing excellence.
Discover updates across key operational areas including putting instrument innovations, custom fitting program enhancements, and global distribution expansions. All content is sourced directly from corporate communications to maintain accuracy and compliance.
Bookmark this page for streamlined access to SPGC's latest developments. Check regularly for updates reflecting the company's commitment to advancing golf performance through technological innovation.
Newton Golf Company (Nasdaq: SPGC) announces two major corporate changes: a name change from Sacks Parente Golf and a 1-for-30 reverse stock split, both effective March 17, 2025. The company will trade under the new ticker symbol NWTG on the Nasdaq Capital Market.
The rebranding to Newton Golf pays homage to Sir Isaac Newton, aligning with the company's focus on physics-driven golf equipment innovation. In December 2024, the company raised $8.4 million in gross proceeds through an underwritten public offering to support strategic initiatives and product development.
The reverse stock split will automatically convert every 30 shares of common stock into one share, with fractional shares rounded up. Shareholders are not required to take any action as their holdings will be automatically adjusted through their brokers or the company's transfer agent, VStock Transfer.
Newton Golf Company (Nasdaq: SPGC) has announced two major corporate changes: a company name change from Sacks Parente Golf and a 1-for-30 reverse stock split, both effective March 17, 2025. The company will trade under the new ticker symbol NWTG on the Nasdaq Capital Market.
The rebranding to Newton Golf pays homage to Sir Isaac Newton, reflecting the company's focus on physics-driven golf equipment innovation. In December 2024, the company completed an $8.4 million public offering to support strategic initiatives and product development.
Under the reverse split terms, every 30 shares will convert into one share, with fractional shares rounded up. Shareholders are not required to take any action as positions will be automatically adjusted. The company aims to attract institutional investors and strengthen its market position through these strategic changes.
NEWTON GOLF (Nasdaq: SPGC) has announced a $1 million share repurchase authorization approved by its Board of Directors. The program will run from January 31, 2025, to January 31, 2026. The company, which specializes in golf technology products including putters, shafts, grips, and accessories, may conduct repurchases through open market or private transactions.
The repurchase program is discretionary based on market conditions, business factors, and legal requirements. The company maintains flexibility to extend, suspend, or discontinue the program without prior notice. Executive Chairman Greg Campbell cited growing adoption of Newton Motion replacement shafts and confidence in the company's continued growth and path to breakeven as key factors enabling this share repurchase initiative.
NEWTON GOLF (NASDAQ: SPGC) has released preliminary financial results for Q4 and full year 2024, showing significant growth. Q4 2024 revenue is expected to reach $1.1-1.3 million, an 882% increase from Q4 2023's $117,000. The company's gross margin is projected to improve from 36% to 72-74% in Q4 2024.
Full-year 2024 revenue is anticipated to grow nearly 10-fold to $3.4-3.6 million, up from $349,000 in 2023, with gross margin expanding from 35% to 65-67%. Key 2024 achievements include launching Newton Fairway Motion shafts, introducing five new premium putter models, expanding into 50 major Japanese retail locations, and increasing PGA TOUR Champions professional usage from 5 to 34 players. The company also secured $9.1 million in financing for strategic growth.
NEWTON GOLF (Nasdaq: SPGC), a technology-forward golf company specializing in putters, golf shafts, grips, and accessories, has announced its participation in the upcoming DealFlow Events MicroCap Conference. The event will take place from January 28-30, 2025, at the Borgata Hotel Casino & Spa in Atlantic City, NJ.
Executive Chairman Greg Campbell will deliver a corporate overview presentation on January 29, 2025, at 9:30 AM ET. Campbell will also be available for one-on-one meetings with registered conference investors. The presentation replay will be accessible on the Company's website approximately one week after the conference.
NEWTON GOLF Company (SPGC) has announced its participation in the 2025 PGA Show in Orlando, where it will showcase new products from its shaft and putter divisions. The company will introduce two new shafts: the Newton Fast Motion, which is approximately 10 grams lighter and designed to enhance swing speed, and the Newton Motion LD Shafts, developed based on World Long Drive Tour trends, combining flexibility and stability.
The company will also display its complete Newton Gravity putter line, featuring patented Ultra Low Balance Point and Center of Gravity technology. The event runs from January 21-24, with a Demo Day on January 21 at Orange County National Golf Center, followed by product showcases at Booth #1405 in the Orange County Convention Center.
NEWTON GOLF manufactures most products in the United States and distributes through resellers, company websites, Club Champion retail stores, and distributors in the US, Japan, and South Korea.
NEWTON GOLF Company (NASDAQ: SPGC) has appointed Ryan Stearns as Chief Financial Officer. Stearns brings over 20 years of financial expertise and will oversee the company's financial strategy, operational reporting, and technology integration to support global expansion.
His track record includes securing $130 million in financing at his previous role as CFO of a professional consulting firm, scaling a life science company from $12 million to $500 million valuation, and leading a $185 million acquisition while implementing $5 million annual cost savings at a business service company.
NEWTON GOLF, a technology-forward golf company, manufactures putters, golf shafts, grips, and accessories. The company operates a shaft manufacturing facility in St. Joseph, MO, and sells products through resellers, websites, Club Champion retail stores, and distributors in the US, Japan, and South Korea.
Aegis Capital Corp. has successfully acted as the Sole Bookrunner for an upsized $8.4 million underwritten public offering for Sacks Parente Golf (NASDAQ: SPGC). The offering was announced on December 16, 2024.
Sacks Parente Golf (NASDAQ: SPGC) has successfully closed its upsized underwritten public offering, raising approximately $8.4 million in gross proceeds. The offering comprised 7,000,000 Common Units priced at $1.20 each, with each unit containing one share of Common Stock and two warrants (Series A and B). Both warrant series have an initial exercise price of $2.40 per share, with Series A warrants expiring after 60 months and Series B after 30 months from stockholder approval.
The company granted Aegis Capital Corp., the sole book-running manager, a 45-day option to purchase up to 15% additional shares and warrants to cover over-allotments.
Sacks Parente Golf (NASDAQ: SPGC) has announced the pricing of an upsized underwritten public offering expected to generate approximately $8.4 million in gross proceeds. The offering consists of 7,000,000 Common Units priced at $1.20 per unit (or $1.199 for Pre-Funded Units). Each unit includes one share of Common Stock (or Pre-Funded Warrant), one Series A Common Warrant, and one Series B Common Warrant.
The Series A Warrants have an exercise price of $2.40 and a 60-month term, while Series B Warrants share the same exercise price with a 30-month term. Both warrant series are exercisable following stockholder approval. Aegis Capital Corp. serves as the sole book-running manager and has a 45-day option to purchase up to 15% additional shares and warrants. The offering is expected to close around December 13, 2024.
