TruGolf Holdings announces a 1-for-10 reverse stock split effective September 29, 2026, altering share count significantly.
Quiver AI Summary
TruGolf Holdings, Inc. has announced a 1-for-10 reverse stock split of its Class A common stock effective September 29, 2026. This action will consolidate every 10 shares into one, reducing the total number of outstanding shares from approximately 12.44 million to about 1.24 million. The stock will continue trading on The Nasdaq Capital Market under the symbol "TRUG" and a new CUSIP number will be assigned. No fractional shares will be issued; instead, stockholders entitled to a fractional share will receive a cash payment. This reverse split aims to maintain a uniform impact on all stockholders, although some may encounter fractional shares. TruGolf has been committed to innovation in the golf industry since 1983, promoting accessibility and affordability in the sport through various technological advancements.
Potential Positives
- TruGolf Holdings, Inc. is implementing a 1-for-10 reverse stock split, which reduces the number of outstanding shares from approximately 12.44 million to about 1.24 million, potentially improving stock price and market perception.
- The reverse stock split will make the share structure more manageable, which could attract institutional investors who often prefer companies with a higher stock price and fewer outstanding shares.
- This action demonstrates the company's commitment to enhancing shareholder value by maintaining a stable and uniform share structure for all stockholders.
Potential Negatives
- The announcement of a reverse stock split may signal that the company's stock price is perceived to be low, which can raise concerns among investors about the company's financial health and stability.
- The reverse stock split will significantly reduce the number of shares outstanding, which could impact liquidity and trading volume negatively.
- By resorting to a reverse stock split, the company may be seen as taking a step that often precedes further financial distress, which can affect investor confidence.
FAQ
What is the date of the TruGolf reverse stock split?
The reverse stock split will take effect on September 29, 2026.
How will the reverse stock split impact share ownership?
The reverse split will combine 10 shares into 1 share, reducing total shares from 12.44 million to approximately 1.24 million.
What happens to fractional shares after the reverse stock split?
No fractional shares will be issued; stockholders will receive a cash payment for any fractional shares.
Will the reverse stock split affect the par value of Class A common stock?
No, the par value of the Class A common stock will remain unchanged after the reverse split.
What is TruGolf's mission in the golf industry?
TruGolf aims to make golf more Available, Approachable, and Affordable through innovative technology and solutions.
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 Hedge Fund Activity
We have seen 4 institutional investors add shares of $TRUG stock to their portfolio, and 4 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GEODE CAPITAL MANAGEMENT, LLC removed 14,475 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $18,672
- VIRTU FINANCIAL LLC added 12,345 shares (+inf%) to their portfolio in Q2 2026, for an estimated $15,925
- EWA, LLC added 10,190 shares (+inf%) to their portfolio in Q2 2026, for an estimated $13,145
- MORGAN STANLEY added 9,999 shares (+999900.0%) to their portfolio in Q2 2026, for an estimated $12,898
- TOWER RESEARCH CAPITAL LLC (TRC) added 4,767 shares (+4413.9%) to their portfolio in Q2 2026, for an estimated $6,149
- UBS GROUP AG removed 2,405 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $3,102
- ARAX ADVISORY PARTNERS removed 7 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $33
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
Salt Lake City, Utah, Sept. 25, 2026 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ: TRUG) , today announced a 1-for-10 reverse split of its Class A common stock. Beginning on September 29, 2026, the Company’s Class A common stock will continue to trade on The Nasdaq Capital Market on a split adjusted basis under the trading symbol “TRUG” but will trade under the following new CUSIP number: 243733607.
As a result of the reverse stock split, every 10 shares of Class A common stock issued and outstanding as of the effective date will be automatically combined into one share of Class A common stock. No fractional shares will be issued if, as a result of the reverse stock split, a stockholder would otherwise become entitled to a fractional share because the number of shares of Class A common stock they hold before the reverse stock split is not evenly divisible by the split ratio. Instead, each stockholder will be entitled to receive a cash payment in lieu of a fractional share.
The reverse stock split will reduce the number of shares of outstanding Class A common stock from approximately 12.44 million shares, the number of shares outstanding as of the date hereof, to approximately 1.24 million shares. The par value of the Class A common stock will remain unchanged and the number of authorized shares of Class A common stock will be proportionately reduced to 10 million shares. The reverse split affects all stockholders uniformly and will not alter any common stockholder’s percentage interest in the Company’s equity, except to the extent that the reverse split results in some common stockholders owning a fractional share as described above.
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.
Forward-Looking Statements
Some of the statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, the timing and completion of the reverse split. These statements relate to future events, future expectations, plans and prospects. Although the Company believes 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, including those discussed under Item 1A. "Risk Factors" in the Company’s most recently filed Form 10-K filed with the Securities and Exchange Commission ("SEC") and updated from time to time in its Form 10-Q filings and in its other public filings with the SEC. Any forward-looking statements contained in this press release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this press release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.
CONTACTS:
Michael Bacal
[email protected]
917-886-9071
