TruGolf issues additional $2.1M senior convertible notes; $3.25M of original PIPE notes converted

TruGolf Holdings, Inc.

Issued $2.1M principal of senior convertible notes on Dec 16, 2024, gross proceeds $1.89M after 10% OID.
Notes bear 10% interest (15% if paid in stock), mature in 5 years, convertible at $2.00/share with anti-dilution adjustments.
As of Dec 13, 2024, $3.25M of original PIPE notes converted into Class A common; total shares outstanding 19,565,435.
Notes include events of default, 25% redemption premium on default, and 5% premium on change of control.
Issuance exempt under Section 4(a)(2) and Regulation D; interest payable in cash or stock at company's option.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.