Sacks Parente Golf Files Definitive Proxy Statement

TL;DR

Sacks Parente Golf (SPGI) filed its proxy statement. Get ready to vote.

AI Summary

Sacks Parente Golf, Inc. filed its definitive proxy statement on January 13, 2025, for its annual meeting. The filing, designated as DEF 14A, outlines the company's governance and shareholder matters. The company is headquartered at 551 Calle San Pablo, Camarillo, CA 93012.

Why It Matters

This filing is crucial for shareholders as it details important information regarding company management, voting procedures, and proposals to be considered at the upcoming shareholder meeting.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (DEF 14A) and does not contain new financial information or material events.

Key Players & Entities

• Sacks Parente Golf, Inc. (company) — Registrant
• 551 Calle San Pablo, Camarillo, CA 93012 (location) — Company Address
• January 13, 2025 (date) — Filing Date

FAQ

Key Financial Figures

• $2.40 — of common stock at an exercise price of $2.40 per share, which warrant will expire on
• $1.20 — purchase price of each Common Unit was $1.20. The public offering closed on December

Filing Documents

• formdef14a.htm (DEF 14A) — 488KB
• formdef14a_001.jpg (GRAPHIC) — 13KB
• formdef14a_002.jpg (GRAPHIC) — 420KB
• formdef14a_003.jpg (GRAPHIC) — 431KB
• 0001493152-25-001644.txt ( ) — 1678KB

From the Filing

DEF 14A 1 formdef14a.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to §240.14a-12 Sacks Parente Golf, Inc. (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11 SACKS PARENTE GOLF, INC. 551 Calle San Pablo Camarillo, CA 93012 January 13, 2025 To the stockholders of Sacks Parente Golf, Inc.: On behalf of the Board of Directors of Sacks Parente Golf, Inc. (the “Company”), you are cordially invited to attend the Special Meeting of Stockholders of the Company to be held via live webcast at https://meeting.vstocktransfer.com//SACKSPARENTEFEB25, on February 11, 2025, at 1:00 P.M., Pacific Time (the “Special Meeting”). The attached Notice of the Special Meeting (the “Notice”) and proxy statement (“Proxy Statement”) describe the business that will be transacted at the Special Meeting. There will not be a physical location for the Special Meeting. You will be able to attend the Special Meeting online, vote your shares electronically, and submit your questions during the meeting by registering in at https://meeting.vstocktransfer.com//SACKSPARENTEFEB25. Directors and officers of the Company will be available at the Special Meeting to respond to any questions that you may have regarding the business to be transacted. The Company’s Board of Directors has determined that each of the proposals that will be presented to the stockholders for their consideration at the Special Meeting is in the best interests of the Company and its stockholders, and unanimously recommends and urges you to vote “FOR” the proposals set forth in this Proxy Statement. If any other business is properly presented at the Special Meeting, the proxies will be voted in accordance with the recommendations of the Company’s Board. We encourage you to attend the Special Meeting online, but if you are unable to attend, it is important that you vote in advance via the Internet or sign, date and return the enclosed proxy card in the enclosed postage-paid envelope. Your cooperation is appreciated since a majority of the common stock must be represented, either in person or by proxy, to constitute a quorum for the transaction of business at the Special Meeting. On behalf of the Board of Directors and all of the employees of the Company, we thank you for your continued support. Sincerely, /s/ Greg Campbell Greg Campbell Executive Chairman and Chief Executive Officer SACKS PARENTE GOLF, INC. 551 Calle San Pablo Camarillo, CA 93012 NOTICE OF SPECIAL MEETING OF STOCKHOLDERS TO BE HELD FEBRUARY 11, 2025 NOTICE IS HEREBY GIVEN that a Special Meeting of Stockholders (the “Special Meeting”) of Sacks Parente Golf, Inc. (the “Company”) will be held online at https://meeting.vstocktransfer.com/SACKSPARENTEFEB25, on February 11, 2025, at 1:00 P.M., Pacific Time, for the following purposes: Proposal 1. For purposes of complying with the Company’s obligations under its Underwriting Agreement with Aegis Capital Corp. and the terms of the Company’s Series A and Series B Warrants as may be required under the rules of the Nasdaq Stock Market, to approve the issuance of the Series A and Series B Warrants and the shares of Common Stock upon the exercise thereof including the Warrant Stockholder Approval Provisions described in detail in this Proxy Statement (collectively, the “ Warrant Proposal ”). Proposal 2. To approve an increase in the number of shares available to be issued pursuant to the Company’s 2022 Equity Incentive Plan (the “ Equity Plan Proposal ”). Proposal 3 . To approve an amendment to the Company’s Certificate of Incorporation changing the Company’s name to Newton Golf Company, Inc. (the “ Name Change Proposal ”) Proposal 4: To approve an amendment to the Company’s certificate of incorporation to grant our Board of Directors authority to effect a reverse stock split of the outstanding shares of the Company’s common stock, at a reverse stock split ratio of between 1-for-10 to 1-for-30 (or any whole number in between), as determined by the Board in its sole discretion, prior to the one-year anniversary of this Special Meeting (the

View Full Filing

View this DEF 14A filing on SEC EDGAR