Newton Golf Company, Inc.
For the period ended Sep 30, 2025. Filed Nov 13, 2025.
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Sep 30, 2025 · Filed Nov 13, 2025
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Item 1. Legal Proceedings
As a result of entering into the ATM Offering Agreement, the Company breached the right of first refusal provision in that certain underwriting agreement between Aegis and the Company, dated December 12, 2024. The Company is in negotiations with Aegis to resolve this matter; however, the ultimate outcome cannot be presently determined.
There are no other legal proceedings that are pending against the Company or that involve the Company that, in the opinion of management, could reasonably be expected to have a material adverse effect on the Company’s business or financial condition.
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