Newton Golf Company, Inc. Receives Nasdaq Deficiency Letter for Stockholders' Equity

Newton Golf Company, Inc. has received a deficiency letter from The Nasdaq Stock Market LLC due to non-compliance with the minimum stockholders' equity requirement of $2,500,000 for continued listing on The Nasdaq Capital Market. The company was notified on April 6, 2026, and has been given 45 days, until May 21, 2026, to submit a plan to regain compliance. If the plan is accepted, Nasdaq may grant up to 180 days, until October 3, 2026, to demonstrate compliance. While the notice does not immediately affect the trading of the company's common stock under the symbol "NWTG," there is no assurance that the plan will be accepted or that compliance will be achieved. Failure to regain compliance could lead to delisting. The company intends to submit a compliance plan within the given timeframe. This report includes forward-looking statements regarding the company's intentions and ability to regain compliance, subject to various risks and uncertainties.