TruGolf gets Nasdaq temporary exception to July 2025; shareholders approve share increase to 650M

TruGolf Holdings, Inc.

Nasdaq Panel grants temporary exception: bid price compliance by July 8, 2025; MVPHS and equity compliance by July 30, 2025.
Listing transferred to Nasdaq Capital Market effective June 3, 2025.
Shareholders approved increase in authorized Class A common stock from 90M to 650M shares.
Shareholders authorized reverse stock split at ratio of 1-for-5 to 1-for-75 at Board discretion.
Shareholders approved issuance of shares upon conversion of Series A Preferred without conversion limits.

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