secwatch.observer — SEC 8-K summary
======================================

Issuer:     TruGolf Holdings, Inc. (TRUG)
CIK:        0001857086
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001493152-24-005145
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 5.02, 2.01, 5.06, 9.01, 3.02, 3.01, 3.03, 5.03, 5.01, 5.05, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

TruGolf completes de-SPAC merger with Deep Medicine, begins trading on Nasdaq under TRUG
--------------------------------------------------------------------------------

- Closed merger on Jan 31, 2024; implied equity value for TruGolf $80M; DMAQ changed name to TruGolf Holdings, Inc.
- Issued 5,750,274 Class A and 1,716,860 Class B shares as merger consideration; total outstanding ~13.26M shares.
- Approximately 379,687 shares redeemed for ~$4.37M from trust at ~$11.50/share before closing.
- Common stock began trading on Nasdaq Capital Market under symbol TRUG on Feb 1, 2024; units delisted.
- New board includes Christopher Jones (21.4% owner), Steven R. Johnson (10.4%), David Ashby (10.9%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857086/000149315224005145/0001493152-24-005145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857086/000149315224005145/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-005145

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer