---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-010469"
form_type: "8-K"
ticker: "TRUG"
cik: "0001857086"
company_name: "TruGolf Holdings, Inc."
filed_at: "2023-04-03T23:59:59+00:00"
generated_at: "2026-06-17T07:18:08.606093+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-010469
- form_type: 8-K
- ticker: TRUG
- cik: 0001857086
- company_name: TruGolf Holdings, Inc.
- filed_at: 2023-04-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1857086/000149315223010469/0001493152-23-010469-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1857086/000149315223010469/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-010469
- JSON: https://secwatch.observer/filing/0001493152-23-010469.json
- Plain text: https://secwatch.observer/filing/0001493152-23-010469.txt

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