TRUG receives Nasdaq equity non-compliance notice; shares converted from Series A preferred

TruGolf Holdings, Inc.

Nasdaq notice Aug 19: stockholders' equity $2,060,281 as of Jun 30, below $2.5M minimum required by Rule 5550(b)(1)(A).
Company has until Oct 5, 2026 to submit compliance plan; Nasdaq may extend to Feb 15, 2027.
Aug 18-21, 2026: $1.525M Series A stated value converted into 2,688,750 common shares; ~$4.4M stated value remains.
As of Aug 21, 2026, total Class A common shares outstanding: 4,572,458.
Company evaluating courses of action to regain compliance with the $2.5M equity standard.

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