---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-002803"
form_type: "8-K"
ticker: "TRUG"
cik: "0001857086"
company_name: "TruGolf Holdings, Inc."
filed_at: "2025-04-04T23:59:59+00:00"
generated_at: "2026-05-23T21:21:13.048128+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TruGolf receives Nasdaq delisting notice for equity non-compliance; plans appeal

## Summary
- 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.

## SEC filing metadata
- accession: 0001641172-25-002803
- form_type: 8-K
- ticker: TRUG
- cik: 0001857086
- company_name: TruGolf Holdings, Inc.
- filed_at: 2025-04-04T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1857086/000164117225002803/0001641172-25-002803-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1857086/000164117225002803/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-002803
- JSON: https://secwatch.observer/filing/0001641172-25-002803.json
- Plain text: https://secwatch.observer/filing/0001641172-25-002803.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1857086/000164117225002803/0001641172-25-002803-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.