secwatch.observer — SEC 8-K summary
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Issuer:     TruGolf Holdings, Inc. (TRUG)
CIK:        0001857086
Form:       8-K
Filed at:   2022-12-23T23:59:59+00:00
Accession:  0001493152-22-036494
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857086/000149315222036494/0001493152-22-036494-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857086/000149315222036494/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-036494

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