secwatch.observer — SEC 8-K summary
======================================

Issuer:     TruGolf Holdings, Inc. (TRUG)
CIK:        0001857086
Form:       8-K
Filed at:   2025-05-15T23:59:59+00:00
Accession:  0001641172-25-010545
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TruGolf enters $20M equity purchase facility; shares at 93% of market price
---------------------------------------------------------------------------

- Up to $20M in newly issued Class A common stock may be sold to institutional investor under EPFA.
- Price per share set at 93% of market price; commitment fee of 1% of commitment amount paid in shares.
- Stockholder approval required within 90 days before any shares can be issued; no mandatory minimum advances.
- Company also entered a Registration Rights Agreement to register resale of shares; failure may trigger liquidated damages.
- Funds accessed at company's discretion; no non-usage fees; facility terminates per agreement terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857086/000164117225010545/0001641172-25-010545-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857086/000164117225010545/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-010545

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer