---
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"
generated_at: "2026-05-23T08:23:27.622614+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# TruGolf restructures $15.5M PIPE notes/warrants into Series A preferred; converts $3.9M notes

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-005787
- JSON: https://secwatch.observer/filing/0001641172-25-005787.json
- Plain text: https://secwatch.observer/filing/0001641172-25-005787.txt

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