TruGolf receives Nasdaq delisting notice for negative stockholders' equity of ($10.5M)

TruGolf Holdings, Inc.

Nasdaq notified TruGolf on Aug 19, 2024, that stockholders' equity was ($10,508,104) as of June 30, 2024, below the $10M minimum.
Company must submit a plan to regain compliance by November 18, 2024; extension possible until April 1, 2025 if plan accepted.
Class A common stock continues trading on Nasdaq under symbol TRUG while the process plays out.
TruGolf is evaluating courses of action to regain compliance but cannot assure success.

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