{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-005787","form_type":"8-K","ticker":"TRUG","cik":"0001857086","company_name":"TruGolf Holdings, Inc.","filed_at":"2025-04-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.201683+00:00","generated_at":"2026-05-23T08:23:27.622614+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"TruGolf restructures $15.5M PIPE notes/warrants into Series A preferred; converts $3.9M notes","bullets":["Exchanged PIPE warrants for 1,885 shares of Series A preferred stock and a warrant for 37,033 Series A preferred shares.","Outstanding PIPE convertible notes (up to $15.5M) to be exchanged into Series A preferred shares; conversion price set at $1.00.","Converted $3.9M in outstanding notes (Nov 2022) into 8.28M Class B shares and 4.23M Class A shares at $0.31204 per share.","Series A preferred pays 10% annual dividend (15% if paid in stock); stated value $1,000 per share; senior to all common.","Company must hold stockholder meeting within 90 days to approve shares underlying Series A preferred for Nasdaq listing."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-005787","json":"https://secwatch.observer/filing/0001641172-25-005787.json","markdown":"https://secwatch.observer/filing/0001641172-25-005787.md","text":"https://secwatch.observer/filing/0001641172-25-005787.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1857086/000164117225005787/0001641172-25-005787-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1857086/000164117225005787/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T08:23:27.622614+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}