TruGolf Holdings, Inc. filed an amendment to its Acquisition Agreement with Polymath Research Inc., finalizing the consideration structure for the acquisition of Polymath by TruGolf's subsidiary. Under the amended terms, Polymath shareholders will receive Class A common stock representing 19.9% of TruGolf’s pre-acquisition outstanding shares and a fixed number of newly designated Series C convertible preferred shares valued at $140 million minus the value of the issued common stock. Each Series C share has a stated value of $1,000 and converts into Class A common stock at a price of $3.94 per share, subject to beneficial ownership limitations and Nasdaq approval. TruGolf Holdings operates in the golf technology industry, providing virtual golf simulators and software.

TruGolf Holdings, Inc. entered into a binding Memorandum of Understanding with Tru Golf Canada Inc., appointing it as the exclusive master distributor and strategic platform partner for specific territories including Indigenous communities in Canada, the Thompson Okanagan region, Hard Rock opportunities in Oklahoma and Florida, and other Canadian-originated opportunities. The agreement has an initial five-year term, with no minimum sales targets for the first twelve months, after which performance metrics will be established. This partnership expands TruGolf's distribution network into niche and branded markets. TruGolf Holdings operates in the golf technology industry, providing indoor golf simulators and entertainment solutions.

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.

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.