TruGolf Holdings, Inc. has filed a Form 8-K announcing a one-for-10 reverse stock split of its Class A common stock. The split was effected through a Certificate of Change filed with the Secretary of State of Nevada on September 29, 2026, and became effective at 12:01 a.m. Eastern Time on that date.
Under the terms of the reverse split, every ten shares of Class A common stock issued and outstanding as of the effective date are automatically combined into one new share of Class A common stock. The trading symbol for the company, TRUG, will remain unchanged on The Nasdaq Capital Market, but the stock will trade on a split-adjusted basis under a new CUSIP number: 243733607.
The reverse split reduces the number of authorized shares of common stock from 101,000,000 to 10,100,000. As of the date of the announcement, the company reported approximately 12.44 million shares of Class A common stock outstanding. Following the split, this number is expected to be reduced to approximately 1.24 million shares.
Regarding fractional shares, the company stated that no fractional shares will be issued. Stockholders who would otherwise be entitled to a fractional share due to an odd number of shares held will instead receive a cash payment in lieu of the fractional share. The par value of the Class A common stock remains unchanged.
The reverse split affects all stockholders uniformly and does not alter any common stockholder’s percentage interest in the company’s equity, except in the specific instances where a fractional share would have been issued.
