TruGolf receives two Nasdaq notices: bid price below $1 and MVPHS under $15M

TruGolf Holdings, Inc.

On Nov 5, 2024, Nasdaq notified TruGolf that its bid price was below $1 for 30 consecutive business days, triggering a 180-day compliance period ending May 5, 2025.
Also notified that MVPHS fell below $15M threshold for 30 consecutive business days ended Aug 8, 2024; compliance period of 180 days from notice.
Company intends to monitor bid price and MVPHS and consider all measures, including reverse stock split, to regain compliance.
If not cured by compliance deadlines, Nasdaq may delist the common stock, but company may transfer to Nasdaq Capital Market.

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