NWTG News & Events

Newton Golf Company has received a notification from the listing qualifications department of The Nasdaq Stock Market. The notification was anticipated following the Company's previously reported year-end financial results and has no immediate effect on the continued listing of the Company's common stock on Nasdaq. Nasdaq notified the Company that it is not in compliance with the continued listing requirements to maintain a minimum of $2.5M in stockholders' equity. The Company has until May 21 to submit a plan to regain compliance. However, the Company anticipates it will file the plan ahead of the May deadline. If the Company's compliance plan is accepted by Nasdaq, then Nasdaq may, in its discretion, grant the Company up to 180 calendar days from the date of the Nasdaq notice, or until October 3 to establish compliance. As part of its efforts to strengthen the balance sheet, the Company has entered into a $2M convertible note financing agreement subsequent to the 2025 year-end. Approximately $1.4M of the financing has been executed to date. The convertible note financing was completed at pricing above the Company's recent market levels and is expected to provide appropriate operating runway as the Company works to regain compliance. As a result, the Company believes it is positioned to access additional capital, if required, on more favorable terms, including through its previously announced at-the-market offering program. The Company expects to submit its compliance plan in advance of the applicable deadline and believes multiple balance sheet initiatives currently underway support its path toward regaining compliance within the Nasdaq review period.

Reports Q4 revenue $2.3M vs $1.1M last year. "In 2025, our record top-line results were driven by strong growth in our direct-to-consumer sales channel, increased adoption by professional club fitters, and expansion of our Newton Motion technology-driven shaft product line," said Newton Golf Interim CEO and CTO, Akinobu Yorihiro. "We expanded our direct-to-consumer channel through our websites, supported by improvements in digital marketing efficiency, higher conversion rates, and increasing repeat customer purchases. Our direct-to-consumer growth included achieving record single-day sales on Black Friday, reflecting strong consumer demand across key product lines. These results were supported by continued investments in marketing, personnel, and operational systems to support revenue growth and the scaling of the Newton brand."

Newton Golf has entered into an exclusive distribution agreement with VC Inc., a provider of golf rangefinders and GPS devices based in the Republic of Korea, for wholesale and retail distribution in South Korea.

The major averages closed broadly higher for the second day in a row, with the Dow up more than 500 points as blue chip stocks appear to be creating a strong lift. Amazon rose, while other AI-related stocks also closed higher amid dozens of major announcements in the space at this year's Consumer Electronics Show. Still, some reluctance remains from traders as they await fresh near-term catalysts, especially as they look ahead to key economic data including employment reports later this week.Looking to commodities, gold prices were higher once again, with the "safe haven" asset inching toward the $4,500 mark. Oil prices were fractionally lower, meanwhile, ahead of this afternoon's API crude numbers.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidialaunched the, comprising six new chips designed to deliver "one AI supercomputer"VistraCogentrix Energy for $4BMicrochipraised its, with CEO Sanghi expecting a "fairly broad-based recovery" in most of the company's end marketsOneStreamby HG for $24 per share in cashElon Musk's xAI raised $20B in an, with Nvidiaand Ciscoparticipating in the round2. WALL STREET CALLS:Brinkerto Buy at UBSDeutsche BankShake Shackto Buy on early 2026 catalystsCore Scientificto Buy at BTIGShopifyto Peer Perform at Wolfe Research amid high expectationsChevronand Exxon Mobilto Sell at Freedom Capital3. AROUND THE WEB:Metahas named C.J. Mahoney as chief legal officer, Axios reportsEli Lillyis in advanced talks to acquire Ventyx Biosciencesfor more than $1B, WSJ reportsIntelsaid it intends to launch an "entire handheld gaming platform with Panther Lake" chips later in 2026, Verge reportsKKR, Warburg Pincus, and EQT Partners are among the bidders looking to acquire TPG's Southeast Asia school business, WSJ reportsEniand Repsolhave supplied Venezuela with gas and naphtha for several years, which were used to dilute the country's heavy oil for transport, but the companies are struggling to recover payments of about $6B from the country and are facing indifference from U.S. officials, FT says4. MOVERS:Alumsincreases after announcing Phase 3 trial of envudeucitinibTerrestrial Energygains after executing anwith the U.S. DOE for Project TETRAAevahigher after its Frequency Modulated Continuous Wave 4D LiDAR technology has beenDRIVE Hyperion autonomous vehicle reference platformStaar Surgicallower after announcing its intention towith AlconSoFi Technologiesfalls after BofAof the stock with an Underperform rating5. EARNINGS/GUIDANCEAngioDynamics, with CEO Jim Clemmer commenting, "We delivered an excellent second quarter"Trinity Industriesraised itsNewton GolfprovidedJFB Construction, with CEO Joseph Basile, III, commenting, "Our growth in 2025 represents ongoing projects in several key business verticals"Energy Transfer LPprovidedINDEXES:The Dow rose 484.90, or 0.99%, to 49,462.08, the Nasdaq gained 151.35, or 0.65%, to 23,547.17, and the S&P 500 advanced 42.77, or 0.62%, to 6,944.82.