secwatch.observer — SEC 8-K summary
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Issuer:     TruGolf Holdings, Inc. (TRUG)
CIK:        0001857086
Form:       8-K
Filed at:   2024-12-16T23:59:59+00:00
Accession:  0001493152-24-050108
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857086/000149315224050108/0001493152-24-050108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857086/000149315224050108/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-050108

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