Highest-materiality recent filing
TruGolf closes Polymath acquisition, issuing 257,494 Class A shares and 136,956 Series C preferred
Polymath Research amalgamated into TruGolf's unit 18141991 Canada Inc. on Oct 8, 2026; Polymath holders received 257,494 Class A shares (19.99% of pre-deal shares) plus 136,956 Series C preferred.
Certificate of Change filed with the Nevada Secretary of State, effective 12:01 a.m. Eastern Time on September 29, 2026; every 10 pre-split shares combine into one.
Christopher Jones resigned from all officer/director roles effective Sept 22, 2026; receives $100k severance and 12 months COBRA premiums.
TRUG receives Nasdaq equity non-compliance notice; shares converted from Series A preferred
Nasdaq notice Aug 19: stockholders' equity $2,060,281 as of Jun 30, below $2.5M minimum required by Rule 5550(b)(1)(A).
TruGolf acquires Polymath Research via amalgamation; issues Series C preferred and $5M financing
Amalgamation to acquire Polymath Research Inc.; consideration: 19.9% of Class A common stock plus Series C preferred based on $140M reference amount.
TruGolf Holdings appoints Steven Passey as CFO effective May 15, 2026
Initial base salary $225,000/yr for first 3 months, then increases to $250,000/yr.
TruGolf regains Nasdaq compliance; completes debt conversions and warrant exercise
Regained minimum bid price compliance on July 17, 2025, as confirmed by Nasdaq Panel.
TruGolf converts $3.94M PIPE notes to preferred stock, receives $5M from warrant exercise
$3,938,311 of PIPE convertible notes exchanged for 3,938.311 shares of Series A Preferred Stock.
TruGolf Holdings files 1-for-50 reverse stock split effective June 23, 2025
Reverse stock split ratio: 1-for-50; effective 12:01 a.m. ET on June 23, 2025.
TruGolf gets Nasdaq temporary exception to July 2025; shareholders approve share increase to 650M
Nasdaq Panel grants temporary exception: bid price compliance by July 8, 2025; MVPHS and equity compliance by July 30, 2025.
TruGolf receives Nasdaq notice for MVPHS and bid price non-compliance; hearing May 15
Received Nasdaq notice on May 7, 2025, for failure to regain compliance with minimum MVPHS ($15M) and $1 bid price requirements.
TruGolf restructures $15.5M PIPE notes/warrants into Series A preferred; converts $3.9M notes
Exchanged PIPE warrants for 1,885 shares of Series A preferred stock and a warrant for 37,033 Series A preferred shares.
TruGolf receives Nasdaq delisting notice for equity non-compliance; plans appeal
Nasdaq determined TruGolf failed to maintain stockholders' equity of at least $10M by March 31, 2025.
TruGolf expects record 2024 sales of ~$22.5M; 2H EBITDA >$2.2M, above guidance
2024 sales expected ~$22.5M, a new record; 2H EBITDA >$2.2M, well above $1.1-1.5M guidance.
TruGolf extends Nasdaq compliance waiver deadlines to Feb 28, Apr 30
Convertible note holders extended waiver for listing compliance to February 28, 2025 (from Jan 15).
TruGolf issues additional $2.8M senior convertible notes, 10% OID, conversion prices $2.00/$2.50
January 8, 2025: PIPE investor exercised option for $2,800,000 principal of additional senior convertible notes; net proceeds $2,520,000 after 10% OID.
TruGolf Q3 sales up 82% YoY to $6.24M; EPS $0.00, EBITDA $1.1M; raises FY guidance
Third quarter sales of $6,236,795, up 82% vs Q3 2023; EPS $0.00.
TruGolf receives two Nasdaq notices: bid price below $1 and MVPHS under $15M
On Nov 5, 2024, Nasdaq notified TruGolf that its bid price was below $1 for 30 consecutive business days, triggering a 180-day compliance period ending May 5, 2025.
TruGolf receives Nasdaq delisting notice for negative stockholders' equity of ($10.5M)
Nasdaq notified TruGolf on Aug 19, 2024, that stockholders' equity was ($10,508,104) as of June 30, 2024, below the $10M minimum.
TruGolf receives Nasdaq deficiency notice for late Q1 10-Q filing
Received deficiency letter on July 15, 2024 for failing to file Q1 2024 Form 10-Q on time.
TruGolf, Inc. 2023 net loss $10.3M vs $0.96M; going concern doubt raised
Net loss of $10,283,109 (revenue $20,583,851) vs 2022 loss of $956,841 (revenue $20,227,331).
TruGolf enters up to $15.5M PIPE financing with convertible notes and warrants
Initial closing of $4.65M aggregate principal convertible notes at 10% OID for $4.185M gross proceeds; up to $15.5M total.
TruGolf completes de-SPAC merger with Deep Medicine, begins trading on Nasdaq under TRUG
Closed merger on Jan 31, 2024; implied equity value for TruGolf $80M; DMAQ changed name to TruGolf Holdings, Inc.
Stockholders approved combination at Jan 19, 2024 meeting; closing occurred Jan 31, 2024.
Deep Medicine Acquisition stockholders approve business combination with TruGolf
Stockholders approved the NTA proposal, business combination, charter, governance, equity incentive plan, director election, and Nasdaq proposals at Jan 19 special meeting.
Deep Medicine Acquisition Corp. amends TruGolf merger terms and secures $11M PIPE financing
Amendment increases Class B voting rights from 10 to 25 votes per share and reduces post-closing board from 7 to 5 members.
Up to $8M in convertible notes with 10% OID across three tranches; $2.11M funded at close of Business Combination.
Deep Medicine Acquisition amends TruGolf merger: earnout shares post-closing, $10/share price fixed
Earnout shares to be issued after Closing if milestones met, not at Closing and put in escrow.
Deep Medicine Acquisition Corp. enters merger agreement with TruGolf valued at up to $125M
Total merger consideration up to $125M: $80M base plus up to $45M in restricted shares subject to earnout milestones.
Deep Medicine Acquisition Corp. to merge with TruGolf at $125M enterprise value
Implied enterprise value of $125M, including up to $45M contingent consideration.
Natalie Hirsch was appointed to serve as Chief Financial Officer and Chief Operating Officer,
David Hackett was appointed to the Company’s Board of Directors effective on such date. In connection with his appointment, the Company and Mr. Hackett entered into an agreement pursuant to which the Company will pay Mr. Hackett a cash fee of $100,000 for his first year of Board service and $75,000 for each year thereafter,
Humphrey Polanen resigned from the Company’s Board of Directors effective on such date. Mr. Polanen’s resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
Steven Passey, the Company’s former Chief Financial Officer, was appointed to serve as the Company’s Vice President – Finance of the Company’s golf division.
On September 22, 2026, the Board agreed to appoint Jay Heller as an independent member of the Company’s Board.
On September 22, 2026, Christopher Jones voluntarily resigned from all employment and from all officer, director, and committee positions with the Company and each of its subsidiaries, effective as of such date.
On May 1, 2026, TruGolf Holdings, Inc. (the “Company”) entered into an employment letter (the “Employment Letter”) with Steven Passey to serve as the Company’s Chief Financial Officer effective May 15, 2026.
Christopher Jones, Shaun Limbers, Humphrey Polanen, AJ Redmer, and Riley Russell were appointed as directors of the Company.
Christopher Jones, Shaun Limbers, Humphrey Polanen, AJ Redmer, and Riley Russell were appointed as directors of the Company.
Christopher Jones, Shaun Limbers, Humphrey Polanen, AJ Redmer, and Riley Russell were appointed as directors of the Company.
Christopher Jones, Shaun Limbers, Humphrey Polanen, AJ Redmer, and Riley Russell were appointed as directors of the Company.
Mr. Christopher Jones was appointed Chief Executive Officer, President and Chairman of the Board of the Company.
Max materiality 1.00 · Median 0.68 · Most common event other_material