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Newton Golf (NASDAQ:NWTG) moved lower on Thursday following a regulatory update tied to its Nasdaq listing compliance.
NWTG closed the regular session down 11.61% at $1.37 and declined a further 9.49% in after-hours trading to $1.24.
Company Overview
Newton Golf Company Inc develops high-performance golf equipment, including precision-engineered shafts and putters.
Compliance Notice
The company disclosed in a recent filing that it received a deficiency notice from the Nasdaq Listing Qualifications Department on April 6, 2026.
The notice indicates that Newton Golf is not in compliance with Nasdaq’s minimum stockholders’ equity requirement of $2.5 million for continued listing on the Nasdaq Capital Market.
Timeline To Regain Compliance
Under Nasdaq rules, …
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