M&A
confidence high
sentiment neutral
materiality 0.50
TruGolf amends Polymath acquisition: Series C preferred conversion price $3.94
TruGolf Holdings, Inc.
- Amendment fixes Series C preferred share count: ($140M - value of Class A common issued) / $1,000 per share.
- Series C converts to Class A at $3.94/share, subject to stockholder and Nasdaq approval.
- Polymath shareholders receive 19.9% of TruGolf Class A common plus Series C preferred.
- Conversion blocked until approvals; beneficial ownership cap of 19.99% applies.
- Amendment effective retroactively to Aug 17, 2026; Acquisition Agreement otherwise unchanged.