secwatch.observer — SEC 8-K summary
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Issuer:     TruGolf Holdings, Inc. (TRUG)
CIK:        0001857086
Form:       8-K
Filed at:   2023-12-07T23:59:59+00:00
Accession:  0001493152-23-044066
Event type: m_and_a
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. amends TruGolf merger terms and secures $11M PIPE financing
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- Amendment increases Class B voting rights from 10 to 25 votes per share and reduces post-closing board from 7 to 5 members.
- New Loan Agreements with Li Holding, L&H Inc., JAK Opportunities VI for up to $5M in convertible notes plus 454,545 warrants.
- Finuvia loan amended: principal reduced from $2.5M to $500K, warrants from 227,273 to 45,455.
- Total PIPE investment now up to $11M in principal and warrants for 1M shares of Class A common stock.
- Warrants issued at $13.00 exercise price; notes bear interest and mature in 5 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857086/000149315223044066/0001493152-23-044066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857086/000149315223044066/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-044066

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