TruGolf converts $3.94M PIPE notes to preferred stock, receives $5M from warrant exercise

TruGolf Holdings, Inc.

$3,938,311 of PIPE convertible notes exchanged for 3,938.311 shares of Series A Preferred Stock.
Preferred Warrants expiration extended by two years.
Holder exercised 5,555 Series A Preferred Warrants for ~$5.0M cash.
Company waived consent requirement for further warrant exercises unless $10M+ equity financing within 3 months.
Company reimburses lead holder's legal fees of $20,000.

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