TruGolf Holdings, Inc. (TRUG): Nasdaq/NYSE listing notice — TruGolf receives Nasdaq notice for MVPHS and bid price non-compliance; hearing May 15

TruGolf Holdings, Inc.

Received Nasdaq notice on May 7, 2025, for failure to regain compliance with minimum MVPHS ($15M) and $1 bid price requirements.
Previous delist determination for stockholders' equity below $10M; hearing requested and set for May 15, 2025.
Company intends to present a compliance plan at the hearing; no assurance of regaining listing.
Hearing request automatically stays suspension/delisting until panel decision.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

TruGolf Holdings, Inc. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(C), 5810(c)(3)(A), 5810(d)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)(C), 5810(c)(3)(A), 5810(d)

Exact text from the filing

rement and the bid price requirement. The Nasdaq Notice was Nasdaq’s formal notification to the Company that the Nasdaq Hearings Panel (the “Panel”) will consider this matter in rendering a determination regarding the Company’s continued listing on The Nasdaq Global Market. Pursuant to Listing Rule 5810(d), the Company is permitted to present its views with respect to this additional deficiency at its Panel hearing. If the Company fails to address the aforementioned issue, the Panel will consider the record as presented at the hearing and will make its determination based upon that information

View on SEC.gov

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

TruGolf Holdings, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5810(c)(3)(A), 5450(a)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5810(c)(3)(A), 5450(a)(1)

Exact text from the filing

rement and the bid price requirement. The Nasdaq Notice was Nasdaq’s formal notification to the Company that the Nasdaq Hearings Panel (the “Panel”) will consider this matter in rendering a determination regarding the Company’s continued listing on The Nasdaq Global Market. Pursuant to Listing Rule 5810(d), the Company is permitted to present its views with respect to this additional deficiency at its Panel hearing. If the Company fails to address the aforementioned issue, the Panel will consider the record as presented at the hearing and will make its determination based upon that information

View on SEC.gov

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TruGolf Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-009482

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