Sacks Parente Golf, Inc. Price & Performance (SPGC)

Sacks Parente Golf has rebranded as Newton Golf Company, signaling a fresh start. The company also announced a 1-for-30 reverse stock split, effective March 17. This move, aimed at improving stock performance, follows a challenging year with a 97% stock value decline. The rebrand reflects a focus on innovation and market repositioning.123

Newton Golf Company will implement a 1-for-30 reverse stock split on March 17. The decision aligns with efforts to consolidate shares and enhance stock value after a year of steep losses. Analysts view such actions cautiously, as they often signal financial distress, despite the company’s strong profit margins.456

Newton Golf, formerly Sacks Parente Golf, has announced a reverse stock split and rebranding effort to address market struggles. With shares trading below $0.20, the company aims to stabilize its position and attract institutional investors. However, the steep split ratio highlights ongoing financial challenges.73