TruGolf Holdings, Inc. (TRUG): Nasdaq/NYSE listing notice — TruGolf receives Nasdaq delisting notice for equity non-compliance; plans appeal

TruGolf Holdings, Inc.

Nasdaq determined TruGolf failed to maintain stockholders' equity of at least $10M by March 31, 2025.
Delist letter received April 2, 2025; must request hearing by April 9 or delisting on April 11.
Company intends to appeal to Nasdaq hearings panel; shares to continue trading pending panel decision.
Symbol TRUG to remain on Nasdaq Global Market during appeal process.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

TruGolf Holdings, Inc. received a nasdaq delisting notice notice regarding stockholders equity (rules 5450(b)(1)(A)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: stockholders equity
Rules: 5450(b)(1)(A)

Exact text from the filing

April 2, 2025, the Company received a delist determination letter from the Staff (the “Nasdaq Notice”) advising the Company that the Staff had determined that the Company had not regained compliance with the Rule. Accordingly, the Staff indicated that unless the Company requests a hearing panel (a “Panel”) appeal of the delist determination by April 9, 2025, its securities would be delisted on April 11, 2025. The Company intends to appeal Nasdaq’s determination to a Panel pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series to stay the suspension of the Company’s securit

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Source: SEC EDGAR

accession 0001641172-25-002803

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