Newton Golf Secures $5.0 Million Revolving Credit Facility and Completes Exchange of $2.3 Million of Convertible Notes into Preferred Equity

Newton Golf Secures $5.0 Million Revolving Credit Facility and Completes Exchange of $2.3 Million of Convertible Notes into Preferred EquityNewton Golf Company, Inc. (NASDAQ: NWTG), a technology-forward golf equipment company focused on physics-driven engineering, today announced that it has (i) entered into a $5.0 million senior secured revolving credit facility and (ii) completed the exchange of approximately $2.3 million of outstanding convertible promissory notes, including accrued interest, for Series A Convertible Preferred Stock.The revolving credit facility provides for borrowings of up to $5.0 million, subject to the terms and conditions of the loan agreement, and matures on July 1, 2028. Proceeds from the credit facility will be used for working capital, capital expenditures, growth initiatives and other general corporate purposes.Under the exchange agreements, holders of outstanding convertible promissory notes exchanged approximately $2.3 million of notes, including accrued interest, for an aggregate of 24,092.61 shares of Series A Convertible Preferred Stock. The Series A Preferred Stock is convertible into common stock at an initial conversion price of $1.00 per share, subject to the terms and limitations set forth in the certificate of designation. The exchange reduces outstanding indebtedness and further strengthens the company's balance sheet through the conversion of debt into equity.“These transactions are an important step in strengthening Newton Golf’s financial position and supporting our continued execution,” said Akinobu Yorihiro, Interim Chief Executive Officer and Chief Technology Officer of Newton Golf. “The exchange of convertible notes into Series A Preferred Stock helps reduce outstanding debt and improves our capital structure, while the revolving credit facility provides access to greater financial flexibility as we continue increasing market awareness and adoption for our Newton Motion shafts.”This financing comes as Newton Golf continues to scale from a foundation of proprietary engineering, growing professional validation and expanding adoption within elite club-fitting channels. In 2025, Newton Golf ranked as the No. 1 selling shaft brand for both drivers and fairway woods at Club Champion, one of the world’s largest professional club-fitting retailers, reinforcing the brand’s emerging position as a trusted performance platform among golfers, fitters and industry partners.The company also recently reported record 2025 net sales growth of 136%, appointed Gregg Hemphill to its board of directors, completed an exclusive distribution agreement with VOICE CADDIE in South Korea, one of the world’s largest premium golf equipment markets, and began structured product testing and evaluation programs with leading global golf equipment manufacturers. In addition, Newton Golf introduced new shaft configurations at the 2026 PGA Show, extending the Newton Motion platform across fairway wood and hybrid categories and supporting a broader, system-based fitting approach.The company expects the financing transactions to materially improve stockholders' equity and support its ongoing efforts to satisfy Nasdaq's minimum stockholders' equity requirement. Management believes these financing transactions, together with the company's product platform expansion, international distribution growth, ongoing OEM evaluation programs and strengthening brand equity, support the company's long-term growth strategy and path toward regaining compliance within the Nasdaq review period.Additional details regarding the transactions are included in the company’s Current Reports on Form 8-K filed with the Securities and Exchange Commission.About Newton GolfAt Newton Golf, we apply the principles of physics to the design and performance of premium golf equipment. 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. For more information, visit newtongolf.com.Forward-Looking StatementsThis 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 differ materially from those expressed or implied by such statements.In some cases, forward-looking statements can be identified by words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “intends,” “believes,” “estimates,” “projects,” “potential,” or similar expressions. These forward-looking statements include, but are not limited to, statements regarding the Company’s growth strategy, product innovation and development, expansion of distribution channels, brand adoption among professional fitters and golfers, anticipated market opportunities, 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 and business conditions; changes in consumer demand and industry trends; competition in the golf equipment market; the Company’s ability to execute its strategic initiatives; supply chain disruptions; 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, except as required by law. Company Contact:Jeff ClayborneCFO and COOTel (855) 563-9866Email ContactInvestor Relations Contact:Ron Both or Grant StudeEncore Investor RelationsTel (949) 432-7557Email ContactView source version on businesswire.com: https://www.businesswire.com/news/home/20260709176342/en/

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