Mergers & Acquisitions ·
TruGolf Holdings, Inc. entered into an acquisition agreement on August 17, 2026, to acquire Polymath Research Inc., a…
TRUGTruGolf Holdings, Inc.
TruGolf Holdings, Inc. entered into an acquisition agreement on August 17, 2026, to acquire Polymath Research Inc., a Canadian developer of regulated digital securities infrastructure and the Polymesh blockchain. Polymath shareholders will receive shares of TruGolf Class A common stock equal to approximately 19.9% of the pre-transaction outstanding Class A shares, plus Series C convertible preferred stock valued based on a $140 million reference amount minus the equity consideration. Concurrently, TruGolf raised up to $3 million in stated value from existing Series A preferred holders through a warrant exchange and new issuance of Series B preferred stock. Polymath reported 2025 revenues of $4.2 million and assets of $21 million. The transaction is expected to close by September 30, 2026, subject to customary conditions including shareholder approval for Nasdaq compliance. TruGolf Holdings operates in the golf technology industry, providing indoor golf simulation hardware, software, and e-sports platforms.