---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-050108"
form_type: "8-K"
ticker: "TRUG"
cik: "0001857086"
company_name: "TruGolf Holdings, Inc."
filed_at: "2024-12-16T23:59:59+00:00"
generated_at: "2026-05-29T03:06:59.168214+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-050108
- form_type: 8-K
- ticker: TRUG
- cik: 0001857086
- company_name: TruGolf Holdings, Inc.
- filed_at: 2024-12-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1857086/000149315224050108/0001493152-24-050108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1857086/000149315224050108/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-050108
- JSON: https://secwatch.observer/filing/0001493152-24-050108.json
- Plain text: https://secwatch.observer/filing/0001493152-24-050108.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.