---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-001307"
form_type: "8-K"
ticker: "TRUG"
cik: "0001857086"
company_name: "TruGolf Holdings, Inc."
filed_at: "2025-01-08T23:59:59+00:00"
generated_at: "2026-05-28T07:04:04.464620+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# TruGolf issues additional $2.8M senior convertible notes, 10% OID, conversion prices $2.00/$2.50

## Summary
- January 8, 2025: PIPE investor exercised option for $2,800,000 principal of additional senior convertible notes; net proceeds $2,520,000 after 10% OID.
- Additional Notes bear 10% interest (15% if paid in stock), mature 5 years, convertible at $2.00/share (half) and $2.50/share (half).
- As of January 8, 2025, $6.5M of original PIPE Convertible Notes have been converted into Class A common stock.
- Total Class A common shares outstanding: 27,275,479 as of January 8, 2025.
- Notes are senior unsecured; holders can require redemption at 25% premium upon event of default.

## SEC filing metadata
- accession: 0001493152-25-001307
- form_type: 8-K
- ticker: TRUG
- cik: 0001857086
- company_name: TruGolf Holdings, Inc.
- filed_at: 2025-01-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1857086/000149315225001307/0001493152-25-001307-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1857086/000149315225001307/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-001307
- JSON: https://secwatch.observer/filing/0001493152-25-001307.json
- Plain text: https://secwatch.observer/filing/0001493152-25-001307.txt

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