Dennis and Cheryl Bhaskaran disclose 9.9% Newton Golf (NWTG) stake
Rhea-AI Filing Summary
Dennis and Cheryl Bhaskaran, as reporting persons, each report beneficial ownership of 9.9% of Newton Golf Company, Inc. common stock, based on 4,592,063 shares outstanding as of May 11, 2026.
Dennis holds 200,000 shares directly with sole voting and dispositive power and shares voting and dispositive power over additional shares held jointly and through a trust, including stock issuable from warrants and Series A Preferred Stock. The warrants and preferred shares are subject to a 9.99% beneficial ownership blocker that prevents exercise or conversion if total holdings would exceed that threshold.
Positive
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Negative
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Key Figures
Beneficial ownership: 9.9%
Shares outstanding: 4,592,063 shares
Direct common shares: 200,000 shares
+4 more
7 metrics
Beneficial ownership
9.9%
Reported by each of Dennis and Cheryl Bhaskaran for Newton Golf common stock
Shares outstanding
4,592,063 shares
Issuer's common stock outstanding as of May 11, 2026
Direct common shares
200,000 shares
Common stock held directly with sole voting and dispositive power by Dennis Bhaskaran
Jointly held common shares
15,000 shares
Common stock held jointly by Dennis and Cheryl Bhaskaran
Warrant shares
50,000 shares
Common stock issuable upon exercise of warrants held by the Bhaskaran trust
Preferred conversion shares
529,747 shares
Common stock issuable upon conversion of Series A Preferred Stock held by the trust
Beneficial ownership blocker
9.99%
Threshold above which warrants and preferred stock cannot be exercised or converted
Key Terms
beneficial ownership blocker, dispositive power, Series A Preferred Stock, CUSIP Number
4 terms
beneficial ownership blocker regulatory
"The Warrants and Preferred Stock reflected on the cover pages are each subject to a 9.99% Blocker"
A beneficial ownership blocker is a legal or structural device that prevents a shareholder from being treated as the ultimate owner of enough shares to trigger control, reporting, or voting thresholds. Think of it like a speed bump that stops an investor from reaching a stake size that would force corporate disclosure or change control rights. Investors care because it affects who controls the company, how shares vote, regulatory filings, takeover risk and therefore potential value or liquidity of their holdings.
dispositive power financial
"Sole Dispositive Power 200,000.00 8 | Shared Dispositive Power 544,748.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Series A Preferred Stock financial
"529,747 shares of common stock issuable upon the conversion of Series A Preferred Stock held the Trust"
Series A preferred stock is a type of ownership share in a company that gives investors certain advantages, such as priority in receiving profits or getting their money back if the company is sold or goes bankrupt. It is often issued during early funding stages to attract investors by offering more security than common shares. This stock matters to investors because it provides a safer way to invest while still holding potential for future gains.
CUSIP Number financial
"Title of class of securities: Common Stock (e) | CUSIP Number(s): 78577G301"
A CUSIP number is a nine-character code that uniquely identifies a specific U.S. or Canadian stock, bond, or other security, similar to a barcode or a social-security number for a financial instrument. It matters to investors because it removes confusion between similar securities, ensures trades and settlements are applied to the correct issue, and helps locate official documents and transaction records quickly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of Newton Golf (NWTG) does Dennis and Cheryl Bhaskaran beneficially own?
Dennis and Cheryl Bhaskaran each report 9.9% beneficial ownership of Newton Golf common stock. This percentage is calculated using 4,592,063 shares outstanding as of May 11, 2026, and takes into account a beneficial ownership blocker on certain convertible and exercisable securities.
What securities linked to Newton Golf (NWTG) are held through the Bhaskaran trust?
Through a trust, the Bhasakarans have shared power over 50,000 Newton Golf shares issuable on warrant exercise and 529,747 shares issuable upon conversion of Series A Preferred Stock. These instruments are restricted by a beneficial ownership blocker that caps post-conversion holdings as a percentage of outstanding stock.
What is the beneficial ownership blocker described for Newton Golf (NWTG)?
The warrants and Series A Preferred Stock are each subject to a 9.99% beneficial ownership blocker. This provision prevents exercise or conversion if, after the transaction, the reporting person’s beneficial ownership would exceed 9.99% of Newton Golf’s outstanding common stock under Section 13(d) calculations.