TruGolf Holdings Faces Delisting Concerns
Ticker: TRUG · Form: 8-K · Filed: Oct 4, 2024 · CIK: 1857086
| Field | Detail |
|---|---|
| Company | Trugolf Holdings, Inc. (TRUG) |
| Form Type | 8-K |
| Filed Date | Oct 4, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $10,508,104, $10,000,000 m, $10 million |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, regulatory
TL;DR
TruGolf Holdings might get delisted, stock could be in trouble.
AI Summary
TruGolf Holdings, Inc. filed an 8-K on October 4, 2024, to report a notice of delisting or failure to satisfy a continued listing rule. The company's principal executive offices are located in Centerville, Utah, and its telephone number is (801) 298-1997. This filing indicates potential issues with the company's stock exchange listing.
Why It Matters
This filing signals potential delisting from a stock exchange, which could significantly impact the liquidity and valuation of TruGolf Holdings' stock.
Risk Assessment
Risk Level: high — A notice of delisting directly threatens the company's ability to remain publicly traded, posing a significant risk to investors.
Key Players & Entities
- TruGolf Holdings, Inc. (company) — Registrant
- October 2, 2024 (date) — Earliest event reported
- October 4, 2024 (date) — Filing date
- Centerville, Utah (location) — Principal executive offices
- 801-298-1997 (phone_number) — Registrant's telephone number
- Deep Medicine Acquisition Corp. (company) — Former company name
FAQ
What is the specific reason for TruGolf Holdings' potential delisting?
The filing states it is a 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing,' but does not detail the specific rule or standard not met.
When was the earliest event reported in this filing?
The earliest event reported was on October 2, 2024.
What is the company's principal executive office location?
The principal executive offices are located at 60 North 1400 West, Centerville, Utah 84014.
What was TruGolf Holdings, Inc. formerly known as?
The company was formerly known as Deep Medicine Acquisition Corp.
What is the filing date of this 8-K report?
This Form 8-K was filed on October 4, 2024.
Filing Stats: 653 words · 3 min read · ~2 pages · Grade level 11.9 · Accepted 2024-10-04 16:39:12
Key Financial Figures
- $0.0001 — hich registered Class A Common Stock, $0.0001 par value per share TRUG The Nasdaq
- $10,508,104 — the Company's stockholders' equity was ($10,508,104), and therefore, the Company was not in
- $10,000,000 m — ng Rule 5450(b)(1)(A), which requires a $10,000,000 minimum stockholders' equity standard. Th
- $10 million — t have stockholders' equity of at least $10 million. The Company is currently evaluating
Filing Documents
- form8-k.htm (8-K) — 36KB
- 0001493152-24-039536.txt ( ) — 207KB
- dmaq-20241002.xsd (EX-101.SCH) — 3KB
- dmaq-20241002_lab.xml (EX-101.LAB) — 33KB
- dmaq-20241002_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 4, 2024 TRUGOLF HOLDINGS, INC. By: /s/ Brenner Adams Name: Brenner Adams Title: Chief Growth Officer