secwatch.observer — SEC 8-K summary
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Issuer:     TruGolf Holdings, Inc. (TRUG)
CIK:        0001857086
Form:       8-K
Filed at:   2025-01-08T23:59:59+00:00
Accession:  0001493152-25-001307
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857086/000149315225001307/0001493152-25-001307-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857086/000149315225001307/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-001307

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer