---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-036494"
form_type: "8-K"
ticker: "TRUG"
cik: "0001857086"
company_name: "TruGolf Holdings, Inc."
filed_at: "2022-12-23T23:59:59+00:00"
generated_at: "2026-06-20T23:39:55.244990+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# DMAQ shareholders approve extension to July 2023; 93% of public shares redeemed

## Summary
- 11,819,790 public shares redeemed at ~$10.24/share, removing ~$121M from trust.
- Only 830,210 public shares remain outstanding after redemptions.
- Deadline for initial business combination extended from Jan 29, 2023 to July 29, 2023.
- All 3,162,500 Class B founder shares converted to Class A on a one-for-one basis.
- Directors Tina Spires, HongLiang Ren, and John Chiang re-elected as Class I directors.

## SEC filing metadata
- accession: 0001493152-22-036494
- form_type: 8-K
- ticker: TRUG
- cik: 0001857086
- company_name: TruGolf Holdings, Inc.
- filed_at: 2022-12-23T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1857086/000149315222036494/0001493152-22-036494-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1857086/000149315222036494/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-036494
- JSON: https://secwatch.observer/filing/0001493152-22-036494.json
- Plain text: https://secwatch.observer/filing/0001493152-22-036494.txt

## Key facts
- Governance Changes
  TruGolf Holdings, Inc.: Amended certificate of incorporation to extend business combination deadline to July 29, 2023 and provide for conversion of Class B to Class A common stock prior to closing (effective 2022-12-23).
  - Change: charter amendment
  - Effective: 2022-12-23
  source text: On December 23, 2022, Deep Medicine Acquisition Corp. (the “ Company ”) filed an amendment to the Company’s Second Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware (the “ Charter Amendments ”). The Charter Amendments (i) extend the date by which the Company must consummate its initial business combination from January 29, 2023 to July 29, 2023, or such earlier date as determined by the Company’s board of directors and (ii) provide for the right of a holder of Class B common stock of the Company to convert into Class A common stock of the Company on a one-for-one basis prior to the closing of an initial business combination.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1857086/000149315222036494/0001493152-22-036494-index.htm
- Shareholder Votes
  TruGolf Holdings, Inc. shareholders approved Provide Class B stockholders right to convert to Class A common stock on a one-for-one basis prior to business combination at the 2022-12-23 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2022-12-23
  source text: The final voting results for the Founder Share Amendment Proposal were as follows: For Against Abstain Broker Non-Votes 12,906,590 3 0 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1857086/000149315222036494/0001493152-22-036494-index.htm
- Shareholder Votes
  TruGolf Holdings, Inc. shareholders approved Re-election of Class I directors: Tina Spires, HongLiang Ren, and John Chiang at the 2022-12-23 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2022-12-23
  source text: The final voting results for the Director Election Proposal were as follows: For Withhold Tina Spires 11,593,238 1,313,355 HongLiang Ren 11,254,780 1,651,813 John Chiang 12,906,590 3
  evidence_url: https://www.sec.gov/Archives/edgar/data/1857086/000149315222036494/0001493152-22-036494-index.htm
- Shareholder Votes
  TruGolf Holdings, Inc. shareholders approved Approve extension of business combination deadline from January 29, 2023 to July 29, 2023 at the 2022-12-23 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2022-12-23
  source text: The final voting results for the Extension Amendment Proposal were as follows: For Against Abstain Broker Non-Votes 12,906,590 3 0 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1857086/000149315222036494/0001493152-22-036494-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.