Mergers & Acquisitions ·
TruGolf consummates acquisition of Polymath Research and appoints new CFO
TRUGTruGolf Holdings, Inc.
TruGolf Holdings completed its acquisition of Polymath Research Inc., issuing 257,494 shares of Class A common stock and 136,956 shares of Series C convertible preferred stock to Polymath shareholders. The company also issued $2.95 million in new Series B preferred warrants following the exercise of existing warrants. Leadership changes include the resignation of director Humphrey Polanen and the appointment of David Hackett to the board. Natalie Hirsch was named Chief Financial Officer and Chief Operating Officer with a $275,000 base salary, while Steven Passey moved to Vice President – Finance. TruGolf operates in the golf technology industry.