# TruGolf announces 1-for-50 reverse stock split effective June 23

SALT LAKE CITY - TruGolf Holdings, Inc. (NASDAQ: TRUG), a golf simulator company trading near its 52-week low of $0.16 and down about 75% year-to-date, announced Wednesday it has filed an amendment to implement a 1-for-50 reverse stock split of its Class A common stock, effective June 23, 2025.

The company’s shares will continue trading on the Nasdaq Capital Market under the same TRUG ticker symbol but with a new CUSIP number 243733409 when markets open on June 23.

Following the reverse split, TruGolf’s outstanding Class A common stock will be reduced from approximately 40.5 million shares to about 0.8 million shares, while the authorized share count will remain at 650 million.

The golf simulator provider stated that proportionate adjustments will be made to exercise prices and share numbers for outstanding equity awards and shares issuable under equity incentive plans.

No fractional shares will be issued as a result of the split. Instead, stockholders entitled to fractional shares will receive cash payments in lieu of those partial shares.

The reverse split will not affect the par value of the Class A common stock or the number of authorized shares, according to the company’s statement.

TruGolf, which has been developing golf technology since 1983, offers simulator software and hardware solutions including the E6 CONNECT platform. According to InvestingPro analysis, the stock appears undervalued despite recent challenges, with 17 additional ProTips available to subscribers. The information in this article is based on a company press release.

In other recent news, TruGolf Holdings, Inc. has signed a definitive agreement to acquire mlSpatial, an AI and machine learning engineering firm. This acquisition aims to integrate mlSpatial’s AI technologies across TruGolf’s product line, including the Apogee Launch Monitor and E6 Apex. In addition to this development, TruGolf has also announced an increase in its authorized Class A Common Stock shares from 90 million to 650 million following a special stockholder meeting. This change was made to comply with Nasdaq Listing Rule 5635(d) and address a Nasdaq compliance issue. The company has secured an extension from the Nasdaq Hearings Panel to meet the exchange’s listing requirements, transitioning its listing to the Nasdaq Capital Market. Furthermore, TruGolf’s Board of Directors has authorized a stock repurchase program, allowing the buyback of up to $2 million of its Class A common stock. This move is intended to bolster shareholder value, reflecting the company’s confidence in its financial position. These developments are part of TruGolf’s strategic initiatives to enhance its market presence and technological capabilities.

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