TruGolf regains Nasdaq compliance; completes debt conversions and warrant exercise

TruGolf Holdings, Inc.

Regained minimum bid price compliance on July 17, 2025, as confirmed by Nasdaq Panel.
Converted ~$3.9M affiliate notes into 165,663 Class B shares and 84.662 Class A shares at $15.602/share.
Exchanged $3,938,311 of convertible notes for 3,938 shares of Series A Preferred Stock.
Preferred warrant exercised for ~$5.0M cash, issuing 5,555 Series A Preferred shares.
Company now believes stockholders' equity exceeds $2.5M requirement for continued listing.

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