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NWTG takes option on Pole Canyon beryllium‑tungsten project, issues ~19.9% of shares
Newton Golf (NWTG) completed an option to acquire the Pole Canyon beryllium‑tungsten property in White Pine County, Nevada and issued shares equal to 19.9% of its outstanding common stock (estimated ≈1.13M shares) to gain exposure to U.S. critical minerals. The company says it does not plan to begin mining now and will pursue strategic agreements; a research update expects no near‑term revenue or operating income impact but narrowed FY:26 and FY:27 loss‑per‑share estimates, while noting the project’s historical resource numbers are unverified and the business remains cash‑flow negative.
NWTG issues ~20% of shares to option Pole Canyon beryllium-tungsten project
Newton Golf (NWTG) acquired an option on the Pole Canyon beryllium-tungsten project in Nevada and paid consideration by issuing shares equal to 19.9% of its outstanding common stock (EGR estimates ~1.13M shares), marking the company's entry into the U.S. critical‑minerals sector. Emerging Growth Research's company‑sponsored flash report says the deal shouldn't affect revenue or operating income, narrows EGR's FY:26 EPS loss estimate to $(1.23) (from $(1.37)) and FY:27 to $(0.38) (from $(0.42)), and warns the project is early‑stage/unverified while Newton remains cash‑flow negative and may need more capital.
NWTG options Nevada Pole Canyon beryllium-tungsten project, issues ~19.9% of shares
Newton Golf (NWTG) entered an option agreement to acquire the Pole Canyon beryllium-tungsten project in White Pine County, Nevada, giving the company direct exposure to two U.S.-designated critical minerals. As consideration the company issued shares equal to 19.9% of its outstanding stock; the project has historical (unverified) estimates and past test work, and Newton says the option limits near-term capex while it seeks partners or other monetization routes.
Newton Golf (NWTG) Q2 revenue -36% as manufacturing transition completes; pro adoption, OEM interest and $5M revolver added
A company-sponsored quarterly update reports Newton Golf's Q2 revenue fell ~36% y/y to ~$1.3M as a manufacturing platform transition and temporary carbon-fiber supply constraints reduced throughput and shipments. Management says the move to its 2.0 shaft platform is substantially complete, professional adoption and distribution expanded, OEM evaluations and initial OEM orders are underway, and post-quarter liquidity was bolstered by a $5M revolving credit facility, conversion of ~$2.3M notes to preferred and ~$0.9M in net equity proceeds, though cash was only ~$0.4M at quarter-end and the company remains cash-flow negative.
EGR quarterly update: Newton Golf Q2 revenue down 36%; manufacturing transition and $5M revolver
Emerging Growth Research published a company‑sponsored quarterly update showing Newton Golf (NWTG) Q2 2026 revenue fell ~36% y/y to ~$1.3M after manufacturing process changes and temporary carbon‑fiber supply constraints hurt throughput and shipments. The report says the company has substantially completed a transition to its 2.0 shaft platform (St. Joseph facility >70,000 shafts/yr without added shifts), expanded professional adoption and fitter distribution, and bolstered liquidity post‑quarter with a $5M revolving credit facility, conversion of ~$2.3M notes to preferred and ~$0.9M net equity proceeds — but NWTG remains cash‑flow negative and may need additional capital with Nasdaq minimum equity compliance still a risk.
Newton Golf completes $1.0M private placement at $1.33/share; draws $0.8M on $5M revolver
Newton Golf (NWTG) completed a private placement on Aug 14, 2026, issuing common stock at $1.33 per share for aggregate gross proceeds of approximately $1.0M (net ≈ $0.9M), implying issuance of ~752k new shares and immediate dilution. The company also entered a $5.0M senior secured revolving credit facility (had drawn $0.8M as of Aug 13, 2026) and exchanged roughly $2.3M of convertible notes for Series A Convertible Preferred Stock, reducing indebtedness and increasing equity. Timing: Same-day dilution is possible if holders convert, but the press release does not provide a firm first-dilution date.
Newton Golf (NWTG) schedules Q2 2026 results and conference call for Aug 14 after market close
Newton Golf (NWTG) will release financial results for the quarter ended June 30, 2026 and hold a conference call on Friday, August 14, 2026 at 5:00 p.m. ET (after market close) to discuss the results. Management will host a presentation followed by Q&A; a live webcast and a replay (available through August 28, 2026) will be provided and dial-in details are included.
Newton Golf shaft powers Guinness World Record 235.1 mph fastest golf drive
Newton Golf (NWTG) said long-drive pro Thomas Fliniks set a Guinness World Record for the fastest recorded golf drive — 235.1 mph — using the company's Fast Motion 3-dot shaft at a sanctioned event in Australia. The company says the Fast Motion (launched April 2025) is gaining pro adoption and helped drive record net sales of $8.1M in 2025 (+136% YoY), though expansion efforts remain early and no commercial supply agreements have been finalized.
Emerging Growth reiterates Buy and $3 PT on NWTG after Q1; capacity expanded to ~60k shafts
Emerging Growth Research reiterated its Buy‐Emerging rating and $3.00 price target on Newton Golf (NWTG) after Q1:26 results, saying the quarter was modestly below expectations due to temporary production upgrades that caused shipping delays and about $0.3M of order cancellations. The firm highlighted material positives—expanded St. Joseph capacity to ~60,000 shafts/year, Motion shafts ranking #1 at Club Champion and use by >60 touring pros, rising customer deposits/open orders—and noted Newton raised convertible notes and trimmed FY:26 revenue to ~$10.9M while expecting FY:27 acceleration as operational efficiencies and OEM discussions progress.
Emerging Growth reiterates Buy and $3 PT on NWTG after Q1:26; capacity expanded but Q1 missed
Emerging Growth Research reiterated a Buy‐Emerging rating and $3.00 price target on NWTG after Newton Golf's Q1:26, noting results were modestly below expectations due to temporary production upgrades that caused shipping delays and about $0.3M of order cancellations. The firm emphasized stronger demand (rising customer deposits and open orders), a manufacturing expansion to ~60,000 shafts/year, top-selling Motion shaft placement and growing pro usage, but modestly trimmed FY:26 revenue to ~$10.9M while expecting revenue acceleration in FY:27 as efficiencies and OEM discussions progress.
Newton Golf (NWTG) to Present at Planet MicroCap Las Vegas on June 17
Newton Golf (NWTG) will present at the Planet MicroCap Las Vegas conference on June 17 (1:00 p.m. PT), with management hosting a live presentation, Q&A and one-on-one investor meetings. The company reported record 2025 net sales of $8.1M (+136% y/y) and is expanding its Newton Motion shaft platform across fitters, retail and early-stage OEM evaluations, though no commercial supply agreements have been finalized.