TruGolf Holdings Inc. Converts Notes and Preferred Shares to Regain Nasdaq Compliance

Reuters07-31

TruGolf Holdings Inc. Converts Notes and Preferred Shares to Regain Nasdaq Compliance

TruGolf Holdings Inc. has announced significant financial restructuring as part of its efforts to regain compliance with Nasdaq's listing requirements. On July 21, 2025, the company successfully converted $3.9 million in convertible notes into 3,938 shares of Series A Preferred Stock. Additionally, a warrant holder exercised options amounting to approximately $5 million for 5,555 shares of Series A Preferred Stock. These strategic moves have bolstered the company's stockholders' equity, ensuring it exceeds the $2.5 million threshold necessary for continued listing. Furthermore, earlier actions in April 2025 saw the conversion of outstanding notes payable into Class B and Class A common stock, further strengthening the company's financial position. As of July 17, the company has also regained compliance with the minimum bid price requirement, signaling a positive turnaround in its financial health.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TruGolf Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-021558), on July 30, 2025, and is solely responsible for the information contained therein.

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Converts Notes and Preferred Shares to Regain Nasdaq Compliance\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        TruGolf Holdings Inc. has announced significant financial restructuring as part of its efforts to regain compliance with Nasdaq's listing requirements. On July 21, 2025, the company successfully converted $3.9 million in convertible notes into 3,938 shares of Series A Preferred Stock. Additionally, a warrant holder exercised options amounting to approximately $5 million for 5,555 shares of Series A Preferred Stock. These strategic moves have bolstered the company's stockholders' equity, ensuring it exceeds the $2.5 million threshold necessary for continued listing. Furthermore, earlier actions in April 2025 saw the conversion of outstanding notes payable into Class B and Class A common stock, further strengthening the company's financial position. 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Converts Notes and Preferred Shares to Regain Nasdaq Compliance\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-31 04:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      TruGolf Holdings Inc. 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