other_material
confidence high
sentiment neutral
materiality 0.40
TruGolf amends convertible note terms; allows $2M buyback, seeks 650M authorized shares
TruGolf Holdings, Inc.
- Reduced required reserve for Series A Preferred conversion; increased authorized shares sought from 500M to 650M.
- Obtained waiver to repurchase up to $2M of common stock in open market transactions.
- Amendments effective upon company receiving identical amendments from other note holders.
- Company reimbursed holders' legal fees in connection with the amendment.
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