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Director Humphrey P. Polanen of TruGolf Holdings, Inc. (OTC:TRUG) sold 2,500 shares of common stock on July 14, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at $5.0333, near the 52-week low of $5.00, for a total transaction value of $12,583. The sale comes as the stock has declined nearly 90% over the past year, according to InvestingPro data.
Following the transaction, Polanen directly owns 500 shares of TruGolf Holdings, a company currently valued at approximately $58 million. InvestingPro analysis indicates the stock is currently undervalued, with 11 additional exclusive insights available to subscribers, including detailed financial health metrics and growth projections.
In other recent news, TruGolf Holdings, Inc. announced its financial strategy adjustments, including a 1-for-50 reverse stock split effective June 23, 2025, which will reduce its outstanding shares significantly. Additionally, TruGolf has increased its authorized shares from 90 million to 650 million, as approved during a special stockholder meeting. The company has also signed a definitive agreement to acquire AI firm mlSpatial, aiming to enhance its golf simulation technology with advanced AI integration. TruGolf is set to launch its new portable golf monitor, LaunchBox, globally on July 1, 2025, marking its first venture into the portable simulator market. This new product integrates with TruGolf’s E6 APEX platform and is priced at $2,200.
Furthermore, TruGolf has been addressing Nasdaq compliance issues. The company received a temporary exception from Nasdaq to meet listing requirements, with a transition to the Nasdaq Capital Market already in effect. TruGolf’s CEO, Chris Jones, expressed the company’s commitment to meeting Nasdaq’s conditions and maintaining its listing standards. The company remains under review by the Nasdaq Listing and Hearing Review Council, which may reassess the compliance decision within 45 days. These developments highlight TruGolf’s strategic moves to strengthen its market position and technological offerings.
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