secwatch.observer — SEC 8-K summary
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Issuer:     TruGolf Holdings, Inc. (TRUG)
CIK:        0001857086
Form:       8-K
Filed at:   2026-10-09T12:33:51+00:00
Accession:  0001493152-26-046435
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

TruGolf closes Polymath acquisition, issuing 257,494 Class A shares and 136,956 Series C preferred
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- Polymath Research amalgamated into TruGolf's unit 18141991 Canada Inc. on Oct 8, 2026; Polymath holders received 257,494 Class A shares (19.99% of pre-deal shares) plus 136,956 Series C preferred.
- Series C preferred carries $1,000 stated value with conversion price cut from $3.94 to $11.82 per share; conversion blocked until stockholder and Nasdaq approvals, capped at 19.99% ownership.
- Concurrent financing: holders exercised Series B warrants for 3,278 Series B preferred shares, paying $2.95M for $3.278M stated value, and received new warrants for 3,000 additional shares.
- Series B preferred accrues 10% dividends (12.5% if paid in Class A stock) and converts at $10.00 with a $0.73 floor; price resets lower Oct 19, 2026 after the Sept 29 reverse split.
- Natalie Hirsch named CFO/COO at $275,000 salary, up to 50% bonus, 133,000 options; ex-CFO Steven Passey moved to VP-Finance of golf unit; director David Hackett gets $100,000 first-year fee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857086/000149315226046435/0001493152-26-046435-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857086/000149315226046435/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-046435

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