Newton Golf Company Announces Name Change and 1-for-30 Reverse Stock Split
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Newton Golf Company, previously known as Sacks Parente Golf, Inc., has announced a name change and a 1-for-30 reverse stock split. The company will trade under the new ticker symbol 'NWTG' on Nasdaq starting March 17, 2025.
March 11, 2025 | 11:15 am
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Newton Golf Company, formerly Sacks Parente Golf, Inc., is implementing a 1-for-30 reverse stock split and changing its ticker to 'NWTG'. This move is likely to impact the stock price as it adjusts to the new share structure.
The reverse stock split will reduce the number of shares outstanding, which can lead to a higher stock price per share. However, the overall market capitalization remains unchanged. The name change and new ticker symbol may also attract new investors or alter current investor perceptions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100