secwatch.observer — SEC 8-K summary
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Issuer:     TruGolf Holdings, Inc. (TRUG)
CIK:        0001857086
Form:       8-K
Filed at:   2025-07-30T23:59:59+00:00
Accession:  0001641172-25-021558
Event type: regulatory
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

TruGolf regains Nasdaq compliance; completes debt conversions and warrant exercise
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857086/000164117225021558/0001641172-25-021558-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857086/000164117225021558/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-021558

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