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Stock impact report

Sacks Parente Golf Inc. Announces Pricing of $732,000 Underwritten Public Offering of Shares of Common Stock

Sacks Parente Golf, Inc. (SPGC) 
Company Research Source: GlobeNewswire
CAMARILLO, CA, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Sacks Parente Golf, Inc. (Nasdaq: SPGC) (“SPG” or the “Company”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, announced the pricing of its underwritten public offering (the "Offering") of 366,000 shares of Common Stock for aggregate gross proceeds of approximately $732,000, prior to deducting underwriting discounts and other offering expenses. The Company intends to use the net proceeds from this Offering for general corporate and working capital needs. The transaction is expected to close on or about October 10, 2024, subject to the satisfaction of customary closing conditions. In addition, the Company has granted Aegis Capital Corp. a 45-day option to purchase additional shares of common stock of up to 15% of the number of shares of common stock sold in the Offering solely to cover over-allotments, if any. If thi Show less Read more
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