Mergers & Acquisitions ·
TruGolf Holdings, Inc. received a notice from Nasdaq on August 19, 2026, indicating non-compliance with Listing Rule…
TRUGTruGolf Holdings, Inc.
TruGolf Holdings, Inc. received a notice from Nasdaq on August 19, 2026, indicating non-compliance with Listing Rule 5550(b)(1)(A) due to stockholders' equity of $2,060,281 falling below the $2.5 million minimum requirement. The company has until October 5, 2026, to submit a compliance plan and may receive an extension until February 15, 2027. Concurrently, TruGolf is proceeding with the amalgamation of its subsidiary 18141991 Canada Inc. and Polymath Research Inc., which was previously announced on August 17, 2026. To facilitate this acquisition, holders of Series A preferred stock converted $1,525,000 in stated value into 2,688,750 shares of Class A common stock between August 18 and 21, 2026, following a conversion price reset to $1.00 per share. Approximately $4.4 million of Series A preferred stock remains outstanding. TruGolf Holdings operates in the golf technology industry, providing indoor and outdoor golf simulation systems.