TruGolf will exclusively supply golf simulators for Golf Everywhere's upcoming facility in Flower Mound, Texas, set to open in 2025.
Quiver AI Summary
TruGolf Holdings, Inc. has announced that it will be the exclusive supplier of golf simulators for the upcoming Golf Everywhere facility in Flower Mound, Texas, set to begin construction in late 2025. This facility, covering 6 acres, will be the largest indoor golf venue in the United States, featuring 33 bays, 16 private suites, and a training center with specialized teaching bays. The contract, worth $4.5 million, marks TruGolf's largest technology project to date. Golf Everywhere founder Myles Vlachos expressed confidence in the partnership, highlighting the shared goal of providing an authentic golfing experience. The facility will offer private memberships and public access, along with a range of amenities including a wellness center, teaching academy, and various dining options. TruGolf aims to enhance the golfing experience with its advanced technology and innovative platforms.
Potential Positives
- TruGolf has secured an exclusive contract as the supplier of golf simulators for the largest indoor golf facility in the United States, showcasing its leadership in the industry.
- The $4.5 million contract represents TruGolf's largest technology project to date, highlighting the company's growth and business potential.
- The partnership with Golf Everywhere aligns with TruGolf's mission to enhance the golfing experience through innovative technology, supporting its goal of making golf more accessible.
- The facility will offer a wide range of attractions, including private memberships and a teaching academy, which may lead to increased brand visibility and customer engagement for TruGolf.
Potential Negatives
- The reliance on forward-looking statements implies inherent uncertainty and risk, which may affect investor confidence and market perception of the company's future prospects.
- The mention of "known and unknown risks" without specific details may indicate potential vulnerabilities in the company’s operations or strategy.
- The press release focuses heavily on future developments without providing current financial performance metrics, possibly raising concerns about the company's present condition.
FAQ
What is Golf Everywhere and where will it be located?
Golf Everywhere is a new indoor golf facility located in Flower Mound, Texas, covering approximately 6 acres.
What partnership has TruGolf entered regarding Golf Everywhere?
TruGolf has become the exclusive supplier of golf simulators for the Golf Everywhere facility.
What are the key features of the Flower Mound facility?
The facility will include 33 bays, 16 private suites, a teaching academy, a wellness center, and dining options.
What is the significance of TruGolf's contract for this project?
The $4.5 million contract represents TruGolf's largest technology project in one location to date.
How does TruGolf aim to enhance the golfing experience?
TruGolf focuses on creating realistic golfing experiences through innovative technology and products like E6 and Platform Golf.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TRUG Insider Trading Activity
$TRUG insiders have traded $TRUG stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $TRUG stock by insiders over the last 6 months:
- HUMPHREY P POLANEN sold 2,500 shares for an estimated $12,583
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$TRUG Hedge Fund Activity
We have seen 1 institutional investors add shares of $TRUG stock to their portfolio, and 17 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GEODE CAPITAL MANAGEMENT, LLC removed 163,899 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $937,502
- TABOR ASSET MANAGEMENT, LP removed 47,379 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $271,007
- YAKIRA CAPITAL MANAGEMENT, INC. removed 47,379 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $271,007
- CLEAR STREET DERIVATIVES LLC removed 29,870 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $170,856
- STATE STREET CORP removed 26,400 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $151,008
- UBS GROUP AG removed 25,577 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $146,300
- TORONTO DOMINION BANK removed 20,000 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $114,400
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Salt Lake City, Utah, Oct. 08, 2025 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ: TRUG), a leading provider of golf simulator software and hardware, announced today that it will be the exclusive supplier of golf simulators for the new Golf Everywhere facility that will commence construction in the fourth quarter of 2025 in Flower Mound, Texas. The new facility will cover approximately 6 acres, making it the largest indoor golf facility in the United States. The Flower Mound location will be the world’s first range indoor concept with 33 bays, an additional 16 private suites for course play, and a separate training facility featuring a 7 bay range concept for group training, and 2 private teaching bays. The 4.5 million dollar contract for the first location will also be TruGolf’s largest technology project ever in one location.
Golf Everywhere founder Myles Vlachos said, “We have decided to partner exclusively with TruGolf because the aim of their products are the same as ours, to provide the most realistic and authentic golfing experience possible. Golf Everywhere is the community country club of today and tomorrow. TruGolf's meticulous dedication to the E6 platform, and their future product offerings such as their range concept, make the vision I have had for Golf Everywhere possible, and I couldn’t be more confident and optimistic for our partnership as we work together to grow golf in it’s purest form, and give communities the lifestyle resource they deserve, and desire.”
TruGolf will be bringing its entire suite of proprietary and partner indoor golf technologies to this massive Golf Everywhere project. This will not only include our latest simulators and software but also Platform Golf – articulating platforms to replicate actual on course lie angles, etc. Golf 918- our fully integrated commercial software that will bring software for bookings, memberships, league & event management, plus food and beverage and credit card processing.
The Flower Mound, Texas facility will offer private memberships as well as public access. There will be a learning and teaching academy on site, and an over 4,000 square foot putting green and chipping complex. The campus is completed by a state of the art 7,000 sq ft. wellness center, the aforementioned teaching building, and the multiple dining and entertainment destinations, from the elegant Upstairs at Golf Everywhere to the adjacent Hot Shop, our innovative open floor, deconstructed street eatery and music venue.
Disclaimer on Forward Looking Statements
This news release contains certain statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements that are not of historical fact constitute “forward-looking statements” and accordingly, involve estimates, assumptions, forecasts, judgements and uncertainties. Forward-looking statements include, without limitation, the timing of new franchise openings during 2025. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including ''believes,'' ''estimates,'' ''anticipates,'' ''expects,'' ''plans,'' ''projects,'' ''intends,'' ''potential,'' ''may,'' ''could,'' ''might,'' ''will,'' ''should,'' ''approximately'' or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading "Risk Factors" in the Company's Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC, which are available on the SEC's website, www.sec.gov
About TruGolf:
Since 1983, TruGolf has been passionate about driving the golf industry with innovative indoor golf solutions. TruGolf builds products that capture the spirit of golf. TruGolf's mission is to help grow the game by attempting to make it more Available, Approachable, and Affordable through technology - because TruGolf believes Golf is for Everyone. TruGolf's team has built award-winning video games ("Links"), innovative hardware solutions, and an all-new e-sports platform to connect golfers around the world with E6 CONNECT. Since TruGolf's beginning, TruGolf has continued to attempt to define and redefine what is possible with golf technology.
| Contact: | Michael Bacal |
| [email protected] | |
| 917-886-9071 |
