other material
confidence high
sentiment neutral
materiality 0.60
TruGolf Holdings effects 1-for-10 reverse stock split, cutting outstanding shares to about 1.24 million
TruGolf Holdings, Inc.
- Certificate of Change filed with the Nevada Secretary of State, effective 12:01 a.m. Eastern Time on September 29, 2026; every 10 pre-split shares combine into one.
- Authorized common stock reduced from 101,000,000 to 10,100,000 shares; outstanding cut from roughly 12.44 million to roughly 1.24 million; new CUSIP is 243733607.
- No fractional shares will be issued; stockholders otherwise entitled to a fractional share receive a cash payment in lieu. Shares keep trading on Nasdaq under symbol TRUG.
- Split effected under Nevada Revised Statutes 78.209 without stockholder approval; announced in a press release dated September 25, 2026 and signed by CFO Steven Passey.