secwatch.observer — SEC 8-K summary
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Issuer:     TruGolf Holdings, Inc. (TRUG)
CIK:        0001857086
Form:       8-K
Filed at:   2026-08-18T12:43:43+00:00
Accession:  0001493152-26-038904
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TruGolf acquires Polymath Research via amalgamation; issues Series C preferred and $5M financing
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- Amalgamation to acquire Polymath Research Inc.; consideration: 19.9% of Class A common stock plus Series C preferred based on $140M reference amount.
- Concurrent financing up to $5M via Series B preferred; initial tranche of $3M required to close.
- Series C preferred: $1,000 stated value, conversion price $0.9695, converts after shareholder approval.
- Waiver & Exchange: Series A warrants exchanged for Series B warrants; Series A conversion price reset to $1.00.
- Closing conditions include Nasdaq compliance and maintaining minimum market value of $10M for 10 trading days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857086/000149315226038904/0001493152-26-038904-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857086/000149315226038904/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-038904

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