Leadership & Pay ·
TruGolf Holdings, Inc. announced that Christopher Jones voluntarily resigned from all officer and director positions…
TRUGTruGolf Holdings, Inc.
TruGolf Holdings, Inc. announced that Christopher Jones voluntarily resigned from all officer and director positions on September 22, 2026, effective immediately. The company entered into a Separation and Settlement Agreement requiring $100,000 in severance and repayment of a $1,444,000 demand loan, with 10% due immediately and the remainder plus 12% interest due in twelve months. Additionally, TruGolf agreed to repurchase franchise rights from Jones for $500,000 under similar deferred payment terms. The Board appointed Jay Heller as an independent director; Heller previously served as Head of Capital Markets at Nasdaq. Separately, the company disclosed that approximately $1.76 million in Series A preferred stock remains outstanding following a conversion price reset to $1.00 per share related to its proposed acquisition of Polymath Research Inc. TruGolf Holdings operates in the golf technology and entertainment industry.