secwatch.observer — SEC 8-K summary
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Issuer:     TruGolf Holdings, Inc. (TRUG)
CIK:        0001857086
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001493152-23-039143
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857086/000149315223039143/0001493152-23-039143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857086/000149315223039143/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-039143

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