Newton Golf Company, Inc 8-K, filed Aug 15, 2024
Newton Golf Company, Inc. (NWTG)
About this 8-K
Newton Golf Company, Inc filed this 8-K on August 15, 2024, reporting on events of August 13, 2024.
Items reported
- Item 8.01: Other events
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT
REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 8.01. Other Events.
By letter dated August 13,2024 from the Nasdaq Office of General Counsel, the Company was informed that it has regained compliance with the minimum bid price requirement of $1.00 per share under Nasdaq Listing Rule 5550(a)(2).The Nasdaq Stock Market LLC (“Nasdaq”) had previously notified the Company that its Common Stock failed to maintain a minimum bid price of $1.00 per share over 30 consecutive trading days as required by the Listing Rules of Nasdaq. In order to address this matter, effective July 30,2024, the Company effected a 1 for 10 reverse split of its issued and outstanding shares of its Common Stock as a result of which the Company’s Common Stock commenced trading on a post-split basis.
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: August 15, 2024 | SACKS PARENTE GOLF, INC. | |
| By: | /s/ Steve Handy | |
Steve Handy Chief Financial Officer | ||