Newton Golf Company (NASDAQ: NWTG) Regains Compliance with Nasdaq Listing Requirements
CAMARILLO, Calif., May 28, 2025 (GLOBE NEWSWIRE) -- via IBN – Newton Golf Company, Inc. (NASDAQ: NWTG), a technology-driven golf shaft manufacturer, today announced that it has received formal notice from The Nasdaq Stock Market LLC ('Nasdaq') confirming that the company has regained compliance with Nasdaq Listing Rule 5550(b)(1), which requires a minimum of $2.5 million in stockholders' equity for continued listing on the Nasdaq Capital Market.
The confirmation from Nasdaq follows Newton Golf's filing of its Form 10-Q for the quarter ended March 31, 2025, which reported stockholders' equity of $6.2 million. As a result, Nasdaq has closed the compliance matter originally raised on April 14, 2025.
'We are pleased to have resolved this matter and to remain in full compliance with Nasdaq's continued listing requirements,' said Greg Campbell, Executive Chairman of Newton Golf Company. 'Our strong balance sheet reflects the underlying momentum in our business and the investor confidence we continue to earn through performance and transparency.'
Newton Golf continues to build momentum, reporting 246% year-over-year revenue growth in Q1 2025 as adoption of the Newton Motion shaft surged across retail channels and major professional tours. Gross margin expanded to 70%, reflecting improved unit economics and strong product-market fit. The first quarter is typically the offseason for golf, yet Newton delivered a strong performance and continued expansion. More than 40 professional players are now gaming Newton shafts across major tours. The company also expanded its international footprint and showcased its innovation at the 2025 PGA Show, reinforcing its position as one of the most exciting emerging brands in performance golf.
For more information about Newton Golf's products, visit www.NewtonGolfCo.com.
For investor-related updates and filings, visit www.NewtonGolfIR.com.
Investor Alerts
Stay updated with the latest from Newton Golf! Sign up for investor alerts at newtongolfir.com/email-alerts to receive company news and strategic developments directly to your inbox.
About NEWTON GOLF
At Newton Golf, we harness the power of physics to revolutionize golf equipment design. Formerly known as Sacks Parente, our rebranding reflects our commitment to innovation inspired by Sir Isaac Newton, the father of physics. By applying Newtonian principles to every aspect of our design process, we create precision-engineered golf equipment—including Newton Motion shafts and Gravity putters—that deliver unmatched stability, control, and performance. Our mission is to empower golfers with scientifically advanced tools that maximize consistency and accuracy, ensuring every swing is backed by the laws of physics.
To purchase Newton Golf products, visit www.NewtonGolfCo.com.
Forward-Looking Statements
This press release 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 Newton Golf Company (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 expected benefits of the reverse stock split, the Company's ability to maintain compliance with Nasdaq listing requirements, the potential for increased institutional investor interest, the Company's future growth strategy, expansion of its product portfolio, anticipated financial performance, and future business prospects.
These forward-looking statements reflect the Company's current expectations and projections based on information available as of the date of this release 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 (SEC), 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.
Media Contact:
Beth Gast BG Public Relations beth.gast@bgpublicrelations.com
Investor Contact:
Scott McGowan Investor Brand Network (IBN) Phone: 310.299.1717 ir@newtongolfco.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
23 minutes ago
- CNBC
Thawing of IPO market is good news for Goldman Sachs, car stocks catch a break
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market update: The major averages are off their highs of the day, but holding on to early morning gains made on the back of a stronger-than-expected May nonfarm payrolls report. As discussed during the meeting , we need to be conscious of the real risks out there — like a resurgence of inflation on the back of tariffs or a need for job cuts in the auto sector due to a lack rare earth metals needed to manufacture vehicles — but it's hard to get too negative on the overall market so long as the U.S. consumer remains employed. Ultimately, there is still a lot to like about the stock market for those ready and willing to the research and focus on the fundamentals. Shares of Lululemon are under significant pressure Friday after the apparel retailer reported a better-than-expected quarter but cut its outlook for the full year due to the "dynamic macroenvironment." The news is just the latest reminder that while the economy is holding in thanks to low unemployment, consumers still feel the pressure of high prices and may look to alter shopping activity. In this case, the news bodes well for shares of Club holding TJX Companies , which provides some of the best value around when it comes to apparel and home goods. Automaker stocks are getting some relief Friday following a report from Reuters that China granted temporary export licenses to suppliers of the big three U.S. automakers ( Ford , General Motors , and Stellantis ) for rare earth materials. More IPO news: Crypto exchange Gemini unveiled plans to go public in a new confidential filing with the Securities and Exchange Commission on Friday. This comes one day after stablecoin issuer Circle 's IPO, which saw the stock advance roughly 168%. Prior to that, CoreWeave started trading on the Nasdaq in late March in the biggest venture-backed tech IPO since 2021. Next week, fintech firm Chime will debut on the exchange as well. All of this action is a good indicator that more companies will go public, according to Jim Cramer. That's great news for Club holding Goldman Sachs' crucial investment banking business. The Wall Street bank derives revenues from facilitating these kinds of deals as an underwriter or through advisory fees. It also signals a potential rebound for a key division in Goldman. M & A and IPO activity has been lackluster in recent years as macroeconomic uncertainty and the regulatory environment has kept companies on the sidelines and more conservative with capital. "After we figure out tariffs, it's going to be mergers. It's very hard to do it right now, but I think Goldman Sachs is very attractive right here," Jim said Friday. Next week: We've got Apple's WWDC event kicking off Monday, where investors will look for any signs of progress with the company's AI strategy. We've also got Nvidia's GTC event in Paris starting on Tuesday. Tesla is expected to launch it's robotaxi service in Austin, Texas, in the back half of the week. On the economic front, we'll get an update on inflation with the May consumer price index out Wednesday. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Yahoo
27 minutes ago
- Yahoo
Why Pony AI Inc. (PONY) Crashed On Wednesday
We recently published a list of . In this article, we are going to take a look at where Pony AI Inc. (NASDAQ:PONY) stands against other worst-performing stocks on Wednesday. Pony AI Inc. (NASDAQ:PONY) dropped its share prices by 5.06 percent to finish at $13.14 apiece as investors disposed of shares amid the risks of the faltering US-China trade talks and renewed calls from other states to delist Chinese firms from the stock exchanges. Following the two countries' 90-day tariff truce, US President Donald Trump expressed his frustration with China on Wednesday, saying that Chinese President Xi Jinping is 'very tough and extremely hard to make a deal with.' A close-up of a digital cloud, signifying the expansive reach of the software-as-a-service solution. Trump's social media post casted doubts over an expected potential phone call between the two leaders this week, with fears spilling over to stocks of Chinese companies, including Pony AI Inc. (NASDAQ:PONY). Further triggering concerns were mounting calls from US states' comptrollers to delist Chinese companies. In a newly issued statement, Indiana Comptroller Elise Nieshalla said that there is a growing risk posed by China-based companies due to widespread failures to meet US transparency, accounting, and standards. 'As stewards of invested public funds, we have a responsibility to protect our beneficiaries from foreign entities to seek to exploit our capital markets while evading accountability,' she said. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27 minutes ago
- Yahoo
Why WeRide Inc. (WRD) Crashed On Wednesday
We recently published a list of . In this article, we are going to take a look at where WeRide Inc. (NASDAQ:WRD) stands against other worst-performing stocks on Wednesday. WeRide Inc. (NASDAQ:WRD) saw its share prices drop by 4.63 percent to close at $9.16 apiece as investors sold off positions to mitigate risks from the escalating trade tensions between the US and China. The pessimistic sentiment came after US President Donald Trump's new social media post on Wednesday, expressing his frustration with China, saying that Chinese President Xi Jinping is 'very tough and extremely hard to make a deal with.' A pick-up and delivery truck speeding down a busy city street. The new development casted doubts over an expected potential phone call between the two leaders this week, with fears spilling over to stocks of Chinese companies, including WeRide Inc. (NASDAQ:WRD). US states' delisting calls of Chinese companies also triggered concerns. In a recently issued statement, Comptroller Elise Nieshalla of Indiana said that there is a growing risk posed by China-based companies due to widespread failures to meet US transparency, accounting, and standards. Indiana joined 20 other states in calling for the delisting of from the US stock market. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
