secwatch.observer — SEC 8-K summary
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Issuer:     TruGolf Holdings, Inc. (TRUG)
CIK:        0001857086
Form:       8-K
Filed at:   2025-07-22T23:59:59+00:00
Accession:  0001641172-25-020523
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857086/000164117225020523/0001641172-25-020523-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857086/000164117225020523/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-020523

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