---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-009482"
form_type: "8-K"
ticker: "TRUG"
cik: "0001857086"
company_name: "TruGolf Holdings, Inc."
filed_at: "2025-05-09T23:59:59+00:00"
generated_at: "2026-05-22T02:12:51.787394+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# TruGolf receives Nasdaq notice for MVPHS and bid price non-compliance; hearing May 15

## Summary
- 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.

## SEC filing metadata
- accession: 0001641172-25-009482
- form_type: 8-K
- ticker: TRUG
- cik: 0001857086
- company_name: TruGolf Holdings, Inc.
- filed_at: 2025-05-09T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1857086/000164117225009482/0001641172-25-009482-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1857086/000164117225009482/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-009482
- JSON: https://secwatch.observer/filing/0001641172-25-009482.json
- Plain text: https://secwatch.observer/filing/0001641172-25-009482.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1857086/000164117225009482/0001641172-25-009482-index.htm
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1857086/000164117225009482/0001641172-25-009482-index.htm

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