Form 8-K
8-K — Newton Golf Company, Inc.
Accession: 0001493152-26-015826
Filed: 2026-04-09
Period: 2026-04-06
CIK: 0001934245
SIC: 3949 ()
Item: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): April 6, 2026
NEWTON
GOLF COMPANY, INC.
(Exact
name of registrant as specified in its charter)
Delaware
001-41701
82-4938288
(State
or other jurisdiction
of
incorporation)
(Commission
File
Number)
(IRS
Employer
Identification
No.)
551
Calle San Pablo
Camarillo,
CA 93012
(Address
of principal executive offices, including ZIP code)
855-774-7888
(Registrant’s
telephone number, including area code)
Not
Applicable
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (See General Instruction A.2. below):
☐
Written
communications pursuant to Rule 425 under the Securities Act of 1933 (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(e) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
stock, par value $0.01 per share
NWTG
The
Nasdaq Stock Market, LLC
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
On
April 6, 2026, Newton Golf Company, Inc. (the “Company”) received a deficiency letter (the “Notice”) from the
Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance
with Nasdaq Listing Rule 5550(b)(1) which requires the Company to maintain a minimum of $2,500,000 in stockholders’ equity for
continued listing on The Nasdaq Capital Market (the “Stockholders’ Equity Requirement”).
In
accordance with Nasdaq Listing Rules, the Company has been provided an initial period of 45 calendar days, or until May 21, 2026, to
submit a plan to regain compliance with the Stockholders’ Equity Requirement. Subsequent to the receipt of the Notice, and prior
to that deadline, the Company intends to submit a plan to regain compliance with the Stockholders’ Equity Requirement to Nasdaq.
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 Notice, or until October 3, 2026, to evidence compliance.
Neither
the Notice nor the Company’s non-compliance have an immediate effect on the listing or trading of the Company’s common stock,
which will continue to trade under the symbol “NWTG.” However, these can be no assurance that the Company’s plan will
be accepted or that if it is, the Company will be able to regain compliance. If the Company’s plan to regain compliance is not
accepted, or if it is and the Company does not regain compliance within 180 days from the date of the Notice, or if the Company fails
to satisfy another Nasdaq requirement for continued listing, Nasdaq could provide notice that the Company’s common stock will become
subject to delisting.
Forward-Looking
Statements
This
Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of
1995. These statements relate to future events or the future financial performance of the Company and involve known and unknown risks,
uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from any future
results, performance, or achievements expressed or implied by the forward-looking statements.
In
some cases, forward-looking statements can be identified by terms such as “may,” “will,” “should,”
“expects,” “plans,” “anticipates,” “intends,” “believes,” “estimates,”
“projects,” “potential,” “continues,” or the negative of these terms or other comparable terminology.
These forward-looking statements include, but are not limited to, statements regarding the Company’s intent to submit a plan to
regain compliance with the Stockholders’ Equity Requirement within 45 calendar days and the Company’s ability to regain compliance
with the Stockholders’ Equity Requirement by the deadline imposed by Nasdaq.
These
forward-looking statements reflect the Company’s current expectations and projections based on information available as of the
date of this Current Report on Form 8-K and are subject to a number of risks and uncertainties, including, but not limited to, general
economic, financial, and business conditions; changes in consumer demand and industry trends; the Company’s ability to successfully
implement its strategic initiatives; competition in the golf equipment market; supply chain disruptions; regulatory compliance and legal
proceedings; and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission, including
its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.
The
Company cautions investors that forward-looking statements are not guarantees of future performance and actual results may differ materially
from those projected. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of
new information, future events, or otherwise, except as required by law.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date:
April 9, 2026
NEWTON
GOLF COMPANY, INC.
By:
/s/
Akinobu Yorihiro
Akinobu
Yorihiro
Interim
Chief Executive Officer and Chief Technology Officer
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Entity File Number
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Entity Registrant Name
NEWTON
GOLF COMPANY, INC.
Entity Central Index Key
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Entity Tax Identification Number
82-4938288
Entity Incorporation, State or Country Code
DE
Entity Address, Address Line One
551
Calle San Pablo
Entity Address, City or Town
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Entity Address, State or Province
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City Area Code
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Local Phone Number
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