Newton Golf raises $850,000 in additional convertible note closings

• Newton Golf completed additional closings under a securities purchase agreement, raising USD 850,000 through unsecured convertible promissory notes issued April 7 and April 9, 2026.
• Notes mature 18 months from issuance, carrying 10% annual interest paid in kind.
• Conversion is set at USD 1.60 per share, with company able to force conversion if stock closes at or above USD 3 for 10 consecutive trading days.
• Issuances included warrants exercisable at USD 1.75 per share, totaling 85,000 shares across the April closings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Newton Golf Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-016361), on April 13, 2026, and is solely responsible for the information contained therein.