spgc stock: SPGC (Sacks Parente Golf, Inc.)

SPGC (Sacks Parente Golf, Inc.)

spgc stock is a Nasdaq‑listed microcap equity representing Sacks Parente Golf, Inc., a technology‑forward golf equipment and accessories company headquartered in Camarillo, California. This article explains spgc stock’s corporate profile, the firm’s products and go‑to‑market strategy, recent corporate actions (including the March 17, 2025 rebrand and 1‑for‑30 reverse split to Newton Golf with ticker change to NWTG), financial highlights, trading characteristics and key investor considerations. Readers will gain a factual, source‑based overview and pointers to the primary filings and market‑data sources for ongoing monitoring.

As of March 17, 2025, according to company press releases and SEC filings, the company announced a corporate rebrand to Newton Golf (ticker NWTG) and an effective 1‑for‑30 reverse stock split on the same date.

Note: This page focuses solely on spgc stock as a Nasdaq‑listed equity (not a cryptocurrency) and relies on company disclosures and market‑data providers for corporate actions, financial metrics and market information.

Company overview

Sacks Parente Golf, Inc. operates as a golf equipment and accessories developer and distributor emphasizing technology‑driven design and custom fitting. The company’s product lines include putting instruments (putters), precision golf shafts (including the Newton Motion replacement shaft family), grips, and a range of accessories. SPGC sells through direct‑to‑consumer e‑commerce channels, relationships with fitters and pro shops, wholesale distribution to retailers, and partnerships with fitting and installation networks.

The firm targets recreational and performance golfers, club fitters, and specialty retailers. Headquarters are in Camarillo, California, with fulfillment and distribution arranged to serve U.S. retail and international wholesale accounts.

Corporate history

SPGC’s corporate history is relatively recent and characterized by product development, channel expansion and public markets activity. The timeline below summarizes formation, early product efforts and the corporate actions leading into 2025.

Formation and early years

Sacks Parente Golf was incorporated in 2018 with a focus on modernizing putter and shaft design through materials engineering and motion‑based fitting concepts. Early activity centered on prototype development, small‑batch manufacturing and establishing distribution through specialty golf retailers and professional fitters.

From 2019–2021 the company emphasized e‑commerce growth, launching a direct website storefront and investing in online custom‑fitting tools. Wholesale relationships with regional distributors and pro shops expanded the firm’s retail footprint and brand awareness among golf professionals.

Recent rebranding and corporate actions

As of March 17, 2025, according to the company’s press release and an 8‑K filed with the SEC, the board approved a corporate rebrand to Newton Golf and implemented a 1‑for‑30 reverse stock split. The rebranding included a change of trading ticker from SPGC to NWTG on the Nasdaq Capital Market effective the same date.

Company materials state the rebrand aimed to unify the product portfolio under a single consumer‑facing identity (Newton Golf) and to reposition the business for growth in premium fitting channels and partnerships. The reverse split was described as a corporate action to address microcap listing dynamics and to align the per‑share price with board objectives for future financings and market perception.

Products and operations

SPGC’s product strategy centers on precision putting instruments and shaft technology paired with a direct‑to‑consumer experience and fitting services. Major product groups include:

• Putters: A line of mallet and blade designs optimized for stability, feel and alignment. Putters are offered in standard fits and custom options.
• Golf shafts: Precision shafts marketed for feel and performance, including the Newton Motion replacement shaft family which targets consumers interested in retrofit shaft upgrades and motion‑based performance gains.
• Grips and accessories: Branded grips, headcovers, alignment aids and training tools.
• Online custom fitting: Web and in‑person fitting offerings coordinated through third‑party fitters and pro shops.

Sales channels:

• Direct‑to‑consumer e‑commerce: Company website sales, customized orders and educational content.
• Wholesale and distributors: Regional and national distributor relationships supplying pro‑shops and specialty retailers.
• Club fitting partnerships: Collaborations with fitters and installation networks, cited examples include affiliations with independent fitting specialists and multi‑location fitting services.
• Trade shows and industry events: Participation in events such as the PGA Show to showcase product innovations and to develop reseller relationships.

Management and governance

SPGC’s governance structure is typical for a small public company with an executive management team and a board of directors overseeing strategy and corporate actions.

Key executive roles (representative titles):

• Chief Executive Officer / Executive Chairman — responsible for overall strategy, rebranding execution and capital markets engagement.
• Chief Financial Officer — oversees financial reporting, SEC filings and capital‑raising activities.
• Head of Product / Chief Technology Officer — leads product development, material science and fitting technology.

The board comprises a mix of founder/insider directors and independent directors with industry or capital markets experience. Recent governance actions tied to the rebrand included board approval of the name change, reverse stock split and a share repurchase authorization (described below). Management commentary has emphasized repositioning the firm toward premium fitting channels and strengthening supply‑chain partnerships.

Financial information and performance

SPGC’s public financial profile reflects a small operating base, revenue growth initiatives and periodic financing to support product and channel expansion. The company reported preliminary improvements in revenue trends and gross margins in late 2024, followed by corporate financing activity in December 2024 and early 2025.

As of December 2024, according to the company’s SEC filings and press releases, SPGC completed a gross offering of approximately $8.4 million in registered securities to support working capital and growth initiatives.

Recent quarterly / annual results

In early 2025 the company released preliminary Q4 2024 operational results indicating sequential revenue growth and margin improvement versus prior quarters. Reported items included higher direct‑to‑consumer sales and improved gross margins driven by product mix and operating leverage.

Reported EPS history for microcap growth companies like SPGC has been characterized by periodic net losses as the company invests in product development and channel expansion. The firm’s most recent reported periods showed narrowing losses and occasional positive gross‑profit contributions, but sustained operating profitability had not been consistently demonstrated as of early 2025.

Sources: company quarterly statements (10‑Q), annual reports (10‑K) and press releases.

Capital raising and share actions

SPGC has undertaken several capital markets actions to support growth and liquidity management:

• December 2024 gross offering: As of December 2024, according to SEC registration materials and company disclosures, the company completed an offering that raised approximately $8.4 million gross proceeds.
• Share repurchase authorization: In early 2025 the board authorized a $1 million share repurchase program, disclosed in an 8‑K filing, providing flexibility to repurchase shares in the open market subject to market conditions and regulatory constraints.
• Reverse stock split: The board approved and implemented a 1‑for‑30 reverse split effective March 17, 2025, reducing outstanding common shares and adjusting the per‑share price. The split accompanied the rebrand to Newton Golf and the ticker change to NWTG.

Material balance‑sheet items include available cash, working capital dynamics and any debt disclosed in filings. Investors should consult the most recent 10‑Q or 10‑K for up‑to‑date balance‑sheet amounts.

Stock and market data

spgc stock historically traded as a Nasdaq‑listed microcap security with characteristics common to small, thinly traded equities. The company’s market profile changed on March 17, 2025 when the board’s corporate actions took effect and the security began trading under the new ticker NWTG.

Ticker, exchanges and corporate actions

• Previous ticker: SPGC (Nasdaq)
• Effective March 17, 2025: name change to Newton Golf and ticker change to NWTG, following a 1‑for‑30 reverse split, per company press release and Nasdaq notices.

As of March 17, 2025, according to Nasdaq notices and the company’s 8‑K, the reverse split and ticker change were implemented to position the company for strategic growth and to meet capital‑markets objectives.

Historical price performance and volatility

As a microcap issuer, spgc stock has typically exhibited elevated intraday volatility, occasional volume spikes around news events (earnings releases, insider trades, corporate actions), and wide intraday bid‑ask spreads.

Public market data providers often report:

• Low average daily trading volume in normal periods, with intermittent spikes when news or filings are released.
• Significant percent moves on low absolute dollar trading volumes.

As of March 31, 2025, according to public market data summaries from Nasdaq and Yahoo Finance, the company’s market capitalization was within the microcap range, and daily volumes often remained modest when measured against larger‑cap equities. Investors should expect pronounced price moves around corporate disclosures and thin‑market conditions.

Trading considerations

Trading spgc stock (now NWTG) carries typical microcap considerations:

• Liquidity risk: Low average daily volume can make large trades difficult without moving the price.
• Wide bid‑ask spreads: Market makers may quote wider spreads for low‑liquidity shares.
• Volatility: Price can change materially on relatively small dollar flows or speculative interest.
• Corporate actions effect: Reverse splits and rebrands can materially affect per‑share pricing and investor perception; fractional share treatment and broker handling of split adjustments vary.

For traders and investors seeking access to equities, the company’s shares are available through regulated brokerages and trading platforms; for digital asset trading, Bitget may offer related market products and should be considered for users already on that platform for trading/investment execution and custody solutions. (This article does not provide platform comparisons or investment advice.)

Ownership, insiders and institutional holdings

Ownership in microcap issuers like SPGC tends to be concentrated among founders, insiders and a small set of institutional or retail holders.

• Insiders: Company filings disclosed insider purchases in late 2024 and early 2025, indicating executives and board members acquired shares in open‑market transactions. These insider buys were reported in Form 4 filings and cited by market data portals.
• Institutional holdings: Institutional ownership has typically been limited for spgc stock, with few large mutual funds or ETFs holding meaningful positions. Microcap coverage constraints and liquidity profile often lead to lower institutional participation.

Investors should review the company’s Form 4s, Schedule 13D/G filings and the proxy statement for up‑to‑date ownership and insider transaction details.

Regulatory filings and disclosures

Core investor disclosures for spgc stock are filed with the U.S. Securities and Exchange Commission (SEC). Primary documents and their purpose include:

• Form 10‑K (annual report): audited financials, risk factors and management discussion.
• Form 10‑Q (quarterly report): interim financial results and MD&A.
• Form 8‑K (current report): material events such as the rebrand, reverse split, financings and officer changes.
• Form 4 (insider trading): reports of insider purchases and sales.
• Registration statements and prospectuses: disclosures related to public offerings.

Earnings calls and investor presentations: The company typically issues press releases for quarterly results and occasionally hosts conference calls or webcasts. Investors should consult the investor relations section of the company site and the SEC EDGAR database for exact schedules and archived materials.

As of March 2025, company press releases and 8‑K filings documented the rebrand to Newton Golf, the 1‑for‑30 reverse split, and the $1 million repurchase authorization.

Recent news and notable events (2024–2025)

This section collects the most material corporate events affecting spgc stock in the 2024–2025 period.

• December 2024 financing: As of December 2024, according to SEC registration statements and company disclosures, SPGC executed a gross offering raising approximately $8.4 million to support operations and growth.
• Preliminary Q4 2024 results: In early 2025 the company reported preliminary Q4 2024 revenue growth and margin improvement relative to prior quarters, as noted in a press release and subsequent filings.
• Share repurchase authorization: In early 2025 the board authorized up to $1 million in repurchases, disclosed in an 8‑K filing.
• Rebrand and reverse split: Effective March 17, 2025 the company changed its name to Newton Golf and implemented a 1‑for‑30 reverse split; the trading ticker changed from SPGC to NWTG. These actions were announced via press release and filed on Form 8‑K.
• Industry presence: The firm continued participation in trade shows and industry events such as the PGA Show during the period, using these venues to highlight product updates and distribution partnerships.

Market commentary and coverage

Niche market and microcap coverage for spgc stock has appeared on a variety of financial portals and data providers. As of March 2025, price moves, insider trades and corporate actions were reported or summarized by market data sites such as Nasdaq, Yahoo Finance, Reuters (coverage of small‑cap filings), Barchart and specialized microcap trackers. Alternative data and retail‑oriented platforms also tracked Form 4 filings and daily trading metrics.

Risks and controversies

Investing in spgc stock (and microcap equities generally) involves elevated risks. Key risk categories include:

• Limited operating history and revenues: Small public companies often have constrained track records and face execution risk scaling operations.
• Recurring losses: Early‑stage product companies frequently report net losses while investing in growth and product development.
• Liquidity and market‑cap risk: Microcap classification often means low liquidity and susceptibility to price manipulation or outsized volatility.
• Dilution: Future capital raises (equity or convertible securities) can dilute existing shareholders.
• Corporate action effects: Reverse splits, ticker changes and rebrands can impact shareholder perception and trading mechanics; reverse splits can also be followed by further corporate actions.
• Concentration and customer risk: Dependence on a small number of distribution partners, channels or products can create revenue concentration risk.

No publicized material legal or regulatory controversies were reported in company disclosures through early 2025 beyond routine corporate actions. Investors should monitor SEC filings for any updates on contingencies, litigation or compliance matters.

See also

• Microcap stocks and market characteristics
• Reverse stock splits: mechanics and investor considerations
• Golf equipment industry: market segments and major channels
• Nasdaq Capital Market listing standards and corporate action notices

References and data sources

This article relies on primary company disclosures and commonly used market data providers. For verification and current data consult the following types of sources (no external hyperlinks provided here):

• Company press releases and Form 8‑K filings for corporate actions, rebranding and authorizations (source: company investor relations disclosures and SEC filings).
• SEC filings (10‑Q, 10‑K, Form 4, registration statements) available on the EDGAR database.
• Market data and price history from Nasdaq and Yahoo Finance for ticker SPGC (historical) and NWTG (post‑reverse split).
• Financial news and small‑cap coverage from outlets such as Reuters and specialized microcap trackers (Barchart, Quiver, StockTitan, etc.) for trading behavior and coverage notes.
• Trade show and industry presence referenced from event participant lists and company show materials (e.g., PGA Show mentions).

As of March 17, 2025, according to company press releases and SEC filings, the rebrand to Newton Golf and the 1‑for‑30 reverse split were completed and the ticker changed to NWTG. As of December 2024, SEC registration materials and company disclosures documented a gross offering of about $8.4 million. Early 2025 8‑K filings disclosed a $1 million repurchase authorization.

External links

Suggested pages to monitor for up‑to‑date information (search these sources by company name or ticker; no direct URLs provided here):

• Company official website and Investor Relations page (for press releases, presentations and contact details).
• SEC EDGAR search for Sacks Parente Golf, Inc. (for 10‑K, 10‑Q, 8‑K, Form 4 and registration statements).
• Nasdaq corporate page and market‑data quotes for historical and current ticker information (SPGC and NWTG).
• Financial quote pages on major data providers for live and historical pricing, volume and market‑cap snapshots.

Further exploration and monitoring steps

• Review the company’s most recent 10‑Q/10‑K and Form 8‑K for precise, auditable figures on revenue, cash balance and outstanding shares.
• Track Form 4 filings for insider activity and the proxy/annual report for board composition updates.
• Use market‑data providers to follow real‑time trading metrics and historical split‑adjusted price series for comparability before and after the March 17, 2025 reverse split.

If you want to monitor or trade equities and related products, Bitget provides trading and custody services for users who prefer that platform; consult Bitget’s product pages and help center for platform‑specific guidance on equity access and account setup.

Further reading and monitoring: explore the company’s investor materials and the SEC filings referenced above to validate the dates and amounts cited in this profile.

Article sources and attributions: company press releases and SEC filings (Form 8‑K, registration statements, 10‑Q/10‑K), Nasdaq market summaries, and financial data providers cited in company filings. Specific attributions in the text reference the company’s announcements (rebrand and reverse split effective March 17, 2025) and December 2024 registration materials for the $8.4M gross offering.