SPAC enters non-redemption agreements; up to 22,606 shares held, 8,138 Founder Shares transferred for extension vote

TruGolf Holdings, Inc.

Non-redemption agreements with two unaffiliated parties for max 22,606 shares; Sponsor to transfer up to 8,138 Founder Shares upon business combination.
Extension proposal seeks to extend deadline from July 29, 2023 to January 29, 2024; vote at special meeting.
As of July 11, 465,446 shares requested redemption; 4,147,964 shares non-redeemed, including 364,764 public shares.
Trust account estimated at $11.45 per share pro rata; funds to remain in U.S. government securities or cash.
Redemption withdrawal deadline July 13, 2023 at 5:00 PM ET.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TruGolf Holdings, Inc. entered into Non-Redemption Agreement with certain unaffiliated third parties (effective 2023-07-11).

Action: entry
Counterparty: certain unaffiliated third parties
Effective: 2023-07-11

Exact text from the filing

On July 11, 2023, Deep Medicine Acquisition Corp. (the “Company”) and Bright Vision Sponsor LLC (the “Sponsor”), the sponsor of the Company, entered into certain non-redemption agreements (“Non-Redemption Agreement”) with certain unaffiliated third parties

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TruGolf Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-024288

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