Trugolf Inc (TRUG)

Pomerantz LLP has filed a class action lawsuit against TruGolf Holdings, Inc. (NASDAQ: TRUG) on behalf of investors who suffered losses. The lawsuit alleges that TruGolf and its officers made materially false and misleading statements regarding the company's capital structure, Series A Convertible Preferred Stock, financial reporting, and Nasdaq listing compliance, leading to significant dilution and a sharp decline in stock value. Investors have until September 28, 2026, to apply to be lead plaintiff.

Trugolf Holdings Inc. (TRUG.O) announced its acquisition of Polymath Research Inc., which will bring the tokenization innovator to the public markets on Nasdaq. Following the deal, Polymath is set to become a Layer-1 blockchain company, with Polymath shareholders receiving Trugolf Class A Common and Series C Preferred Stock, and Natalie Hirsch serving as CFO and COO of the combined entity.

TruGolf announced a definitive agreement to acquire Polymath, making it a wholly owned subsidiary, with Polymath shareholders receiving 19.9% of TruGolf's pre-close Class A shares and Series C preferred stock. To support this acquisition, TruGolf is also executing a concurrent financing plan targeting up to $5 million, including an initial $3 million tranche. The transaction aims to broaden TruGolf's platform and capital resources, subject to customary closing conditions and approvals.

TruGolf Holdings, Inc. (NASDAQ: TRUG) announced its acquisition of Polymath Research Inc., a Canadian technology company specializing in regulated digital securities and tokenized financial instruments. This transaction will bring Polymath's institutional-grade Layer-1 blockchain, Polymesh, to the public markets via Nasdaq, positioning the combined entity at the forefront of the tokenization of financial assets. Polymath's shareholders will receive TruGolf Class A common stock and non-voting Series C preferred stock, and TruGolf will raise an additional $3.0 million in connection with the closing.

TruGolf Holdings Inc (NASDAQ: TRUG) reported a significant improvement in its Q2 financial performance, with revenue increasing 34.4% year-over-year to $5.79 million, largely driven by a surge in software subscription revenue. The company's gross profit surged by 95.5% to $3.47 million, and its net loss narrowed considerably to $447,808 from $3.32 million in the prior year. Following these results, TRUG shares rallied 58.84% to $1.54.