# TruGolf Holdings, Inc. (TRUG) — capital_raise/atm_program [completed]
Source: sec.gov · situation sit_e4c99170d6e76104e759 · public 8677924442187215557 · retrieved 2026-08-20T13:23:02.853Z

## Overview
TruGolf Holdings, Inc. is a Nevada corporation that operates a golf-related business and is listed on Nasdaq under ticker TRUG; it is acquiring Polymath Research Inc., which builds security token technology for capital raising and investor management for the private market ecosystem.

TruGolf Holdings, Inc. entered into an Acquisition Agreement on August 17, 2026 with Polymath Research Inc. and its subsidiary 18141991 Canada Inc. to acquire Polymath through a statutory amalgamation under the Canada Business Corporations Act. Polymath shareholders will receive, on a pro rata basis, shares equal to 19.9% of TruGolf's issued and outstanding Class A common stock immediately before the effective time, plus Series C convertible preferred stock valued under a formula based on a $140,000,000 reference amount minus the value of the Class A common stock being issued. The transaction is expected to close by September 30, 2026, subject to customary closing conditions including stockholder approval and continued Nasdaq compliance with a minimum market value of listed securities of at least $10,000,000 for at least ten consecutive trading days. In connection with the acquisition, TruGolf will raise up to $5,000,000 in concurrent financing through Series B convertible preferred stock, with an initial tranche of at least $3,000,000 required to close within specified timeframes.

## Terms
- Counterparty: Polymath Research Inc. · Deal value: $140.0M · Consideration: mixed · Stake: 19.9%

## Key dates
- Expected close 2026-09-30 · Completed 2026-08-18

## Timeline
- 2026-08-18 · 8-K (0001493152-26-038904): 8-K - TruGolf Holdings, Inc. — *TruGolf Holdings, Inc. is a Nevada corporation that operates a golf-related business and is listed on Nasdaq under ticker TRUG; it is acquiring Polymath Research Inc., which builds security token technology for capital raising and investor management for the private market ecosystem.* TruGolf Holdings, Inc. entered into an Acquisition Agreement on August 17, 2026 with Polymath Research Inc. and its subsidiary 18141991 Canada Inc. to acquire Polymath through a statutory amalgamation under the Canada Business Corporations Act. Polymath shareholders will receive, on a pro rata basis, shares equal to 19.9% of TruGolf's issued and outstanding Class A common stock immediately before the effective time, plus Series C convertible preferred stock valued under a formula based on a $140,000,000 reference amount minus the value of the Class A common stock being issued. The transaction is expected to close by September 30, 2026, subject to customary closing conditions including stockholder approval and continued Nasdaq compliance with a minimum market value of listed securities of at least $10,000,000 for at least ten consecutive trading days. In connection with the acquisition, TruGolf will raise up to $5,000,000 in concurrent financing through Series B convertible preferred stock, with an initial tranche of at least $3,000,000 required to close within specified timeframes.
  https://www.sec.gov/Archives/edgar/data/1857086/0001493152-26-038904.txt

## Citations
- 0001493152-26-038904 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226038904