Sacks Parente Golf prices $732,000 underwritten public offering

Sacks Parente Golf announced the pricing of its underwritten public 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 this option is exercised in full, the total gross proceeds of the offering including over-allotments are expected to be approximately $842,000 before deducting underwriting discounts, commissions and offering expenses, which amount would essentially exhaust the maximum amount the Company can currently raise under its shelf registration statement. Aegis Capital Corp. is acting as the sole book-running manager for the Offering. TroyGould PC is acting as counsel to the Company. Kaufman & Canoles, P.C. is acting as counsel to Aegis Capital Corp.