TruGolf Holdings Files 8-K: Agreements, Obligations, Equity Sales
Ticker: TRUG · Form: 8-K · Filed: Dec 16, 2024 · CIK: 1857086
| Field | Detail |
|---|---|
| Company | Trugolf Holdings, Inc. (TRUG) |
| Form Type | 8-K |
| Filed Date | Dec 16, 2024 |
| Risk Level | medium |
| Pages | 9 |
| Reading Time | 11 min |
| Key Dollar Amounts | $0.0001, $15,500,000, $4,650,000, $4,185,000, $10,850,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation, equity-sale
TL;DR
TruGolf Holdings (TRUG) filed an 8-K detailing new deals, debt, and stock sales.
AI Summary
TruGolf Holdings, Inc. filed an 8-K on December 16, 2024, reporting the entry into a material definitive agreement, the creation of a direct financial obligation, and unregistered sales of equity securities. The filing also includes other events and financial statements/exhibits.
Why It Matters
This 8-K filing indicates significant corporate actions by TruGolf Holdings, including new financial commitments and equity transactions, which could impact its financial structure and shareholder value.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements, financial obligations, and unregistered equity sales, suggesting potentially significant financial and operational changes for the company.
Key Players & Entities
- TruGolf Holdings, Inc. (company) — Registrant
- Deep Medicine Acquisition Corp. (company) — Former Company Name
- 001-40970 (company) — SEC File Number
- 853269086 (company) — IRS Employer Identification No.
- December 16, 2024 (date) — Date of Report
FAQ
What specific material definitive agreement did TruGolf Holdings, Inc. enter into?
The filing indicates the entry into a material definitive agreement, but the specific details of the agreement are not provided in the provided text.
What is the nature of the direct financial obligation created by TruGolf Holdings, Inc.?
The filing states the creation of a direct financial obligation, but the specifics of this obligation are not detailed in the provided text.
What were the circumstances of the unregistered sales of equity securities by TruGolf Holdings, Inc.?
The filing reports unregistered sales of equity securities, but the details regarding the number of shares, price, or purchasers are not included in the provided text.
When was TruGolf Holdings, Inc. formerly known as Deep Medicine Acquisition Corp.?
The date of the name change from Deep Medicine Acquisition Corp. to TruGolf Holdings, Inc. was April 14, 2021.
What is the business address of TruGolf Holdings, Inc.?
The business address of TruGolf Holdings, Inc. is 7951 S.W. 6TH STREET, SUITE 216, PLANTATION, FL 33324.
Filing Stats: 2,712 words · 11 min read · ~9 pages · Grade level 13.9 · Accepted 2024-12-16 07:00:30
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value per share TRUG The Nasdaq
- $15,500,000 — the aggregate principal amount of up to $15,500,000 (the "PIPE Convertible Notes"), (ii) Se
- $4,650,000 — ing"), an aggregate principal amount of $4,650,000 of PIPE Convertible Notes was issued in
- $4,185,000 — xchange for aggregate gross proceeds of $4,185,000, representing an original issue discoun
- $10,850,000 — a maximum aggregate principal amount of $10,850,000 in additional PIPE Convertible Notes (e
- $250,000 — al Optional Closing must equal at least $250,000. On December 16, 2024, one PIPE Investo
- $2,100,000 — ect to an aggregate principal amount of $2,100,000 of additional PIPE Convertible Notes (t
- $1,890,000 — xchange for aggregate gross proceeds of $1,890,000, representing an original issue discoun
- $2.00 — ock at an initial "Conversion Price" of $2.00 per share, which is subject to proporti
- $3,252,600 — s of December 13, 2024, an aggregate of $3,252,600 in original PIPE Convertible Notes have
Filing Documents
- form8-k.htm (8-K) — 67KB
- 0001493152-24-050108.txt ( ) — 245KB
- dmaq-20241216.xsd (EX-101.SCH) — 3KB
- dmaq-20241216_lab.xml (EX-101.LAB) — 33KB
- dmaq-20241216_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: December 16, 2024 TRUGOLF HOLDINGS, INC. By: /s/ Christopher Jones Name: Christopher Jones Title: Chief Executive Officer