Newton Golf Company (NASDAQ: NWTG) received notification from Nasdaq that it does not meet the minimum $2.5 million stockholders' equity requirement for continued listing, according to a company statement.

The golf equipment manufacturer has until May 21, 2026, to submit a compliance plan to Nasdaq. If accepted, the company could receive up to 180 days from the notice date, or until October 3, 2026, to establish compliance.

Newton Golf secured $2.0 million in convertible note financing after year-end 2025, with approximately $1.4 million executed to date. The company stated the financing was completed at pricing above recent market levels.

"The reduced stockholder's equity is primarily attributable to increased investments in marketing, personnel, and public company infrastructure supporting the Company's rapid revenue growth," said Akinobu Yorihiro, interim chief executive officer and chief technology officer.

The company reported 136% net sales growth in 2025 and announced it ranked as the top-selling shaft brand for drivers and fairway woods at Club Champion, a professional club-fitting retailer. Newton Golf also completed an exclusive distribution agreement with VOICE CADDIE in South Korea.

The notification has no immediate effect on the company's stock listing. Newton Golf manufactures physics-driven golf equipment including Newton Motion shafts and Gravity putters. The company filed additional details in a Form 8-K with the Securities and Exchange Commission on April 9, 2026.