Sacks Parente Golf Inc. said Thursday it plans to size its upcoming initial public offering at 3 million shares, down from a previous estimate of 4.44 million.
The maker of golf products said it still expects the offering to price between $4 and $5 a share.
Sacks Parente said its products include putting instruments, golf shafts and golf grips.
The company said it had net sales of $190,000 for the year ended Dec. 31, 2022, and net sales of $200,000 for the year ended Dec. 31, 2021.
Nippon Xport Ventures Inc. and Parcks Design LLC are listed among the company’s principal stockholders.
Sacks Parente said it applied to list on the Nasdaq Capital Market under the symbol SPGC.
The Benchmark Co. is listed as the offering’s underwriter.