Deep Medicine Acquisition Corp. to merge with TruGolf at $125M enterprise value

TruGolf Holdings, Inc.

Implied enterprise value of $125M, including up to $45M contingent consideration.
Combined pro forma equity value ~$134.1M, assuming no redemptions.
TruGolf to become public under ticker TRUG; expected close by Q3 2023.
Chris Jones to remain CEO of combined company; existing management to lead.
Proceeds to fund software development, manufacturing expansion in Salt Lake City.

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