---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-039143"
form_type: "8-K"
ticker: "TRUG"
cik: "0001857086"
company_name: "TruGolf Holdings, Inc."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:58:38.775102+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Deep Medicine Acquisition Corp. enters into up to $8M convertible note PIPE financing for TruGolf deal

## Summary
- Up to $8M in convertible notes with 10% OID across three tranches; $2.11M funded at close of Business Combination.
- Convertible at lower of $10/share or 10-day VWAP with $5 floor; interest at 10% (15% if paid in stock).
- Warrants to purchase 727,273 shares at $13 exercise price, exercisable for 5 years.
- Financing contingent on closing of Business Combination between DMAQ and TruGolf; subject to stockholder approval.
- Registration rights agreement requires filing within 30 days of closing; liquidated damages of 2%/month for delays.

## SEC filing metadata
- accession: 0001493152-23-039143
- form_type: 8-K
- ticker: TRUG
- cik: 0001857086
- company_name: TruGolf Holdings, Inc.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1857086/000149315223039143/0001493152-23-039143-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1857086/000149315223039143/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-039143
- JSON: https://secwatch.observer/filing/0001493152-23-039143.json
- Plain text: https://secwatch.observer/filing/0001493152-23-039143.txt

## Key facts
- Material Agreements
  TruGolf Holdings, Inc. entered into Loan Agreements with Greentree Financial Group, Inc. and Finuvia, LLC valued at up to $8,000,000 in principal amount of convertible notes (effective 2023-11-02).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Greentree Financial Group, Inc. and Finuvia, LLC
  - Value: up to $8,000,000 in principal amount of convertible notes
  - Effective: 2023-11-02
  source text: On November 2, 2023, Deep Medicine Acquisition Corp., a Delaware corporation (“ DMAQ ” or the “ Company ”), executed a Loan Agreement (together, the “ Loan Agreements ”) with each of Greentree Financial Group, Inc. and Finuvia, LLC (together, the “ PIPE Investors ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1857086/000149315223039143/0001493152-23-039143-index.htm

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