TruGolf Holdings Inc. Files S-1/A Amendment

TL;DR

TruGolf Holdings (fka Deep Medicine Acquisition Corp) filed an S-1/A. Check financials.

AI Summary

TruGolf Holdings, Inc. filed an S-1/A amendment on September 23, 2024, detailing its business operations and financial status. The company, formerly known as Deep Medicine Acquisition Corp., is incorporated in Delaware and operates in the manufacturing sector. Its business address is in Plantation, Florida.

Why It Matters

This filing provides updated information for investors and the public regarding TruGolf Holdings, Inc.'s corporate structure and business activities, which is crucial for understanding its current standing and future prospects.

Risk Assessment

Risk Level: medium — As an S-1/A filing, it indicates a company undergoing regulatory scrutiny or making significant updates, which can introduce uncertainty.

Key Players & Entities

• TruGolf Holdings, Inc. (company) — Filer name
• Deep Medicine Acquisition Corp. (company) — Former company name
• 0001493152-24-037841 (filing_id) — Accession number for the filing
• 20240923 (date) — Filing date
• DE (state) — State of incorporation
• FL (state) — State of business address
• 9544242345 (phone_number) — Business phone number

FAQ

Key Financial Figures

• $0.0001 — of our Class A common stock, par value $0.0001 per share ("Class A Common Stock"); (b)
• $13 — s A Warrant") with an exercise price of $13 per share; (d) up to 19,375,000 shares
• $10 — s B Warrant") with an exercise price of $10 per share; and (e) up to 632,500 shares
• $12 — he "Warrant") with an exercise price of $12 per share. The Common Stock being reg
• $0.02 — rior to the Business Combination, for a $0.02 per share cost; (ii) an aggregate of 28
• $15,500,000 — sued for an aggregate purchase price of $15,500,000 which equates to a price of $0.3857 per
• $0.3857 — $15,500,000 which equates to a price of $0.3857 per share; (iv) 9,870,684 shares of Cla
• $39,482,736 — ase Agreement for aggregate proceeds of $39,482,736 assuming an exercise price of $4.00, fo
• $4 — 9,482,736 assuming an exercise price of $4.00, for which the Company shall issue t
• $77,500,000 — ase Agreement for aggregate proceeds of $77,500,000 assuming an exercise price of $4.00, pu
• $10.00 — were purchased for a purchase price of $10.00 per unit; (vi) up to 51,950 shares of C
• $1.45 — e closing price of our Common Stock was $1.45 per share. We believe that the likeliho

Filing Documents

• forms-1a.htm (S-1/A) — 4797KB
• ex5-1.htm (EX-5.1) — 17KB
• ex23-1.htm (EX-23.1) — 5KB
• ex23-2.htm (EX-23.2) — 4KB
• ex23-3.htm (EX-23.3) — 4KB
• image_001.jpg (GRAPHIC) — 8KB
• ex5-1_001.jpg (GRAPHIC) — 8KB
• ex23-1_001.jpg (GRAPHIC) — 21KB
• ex23-1_002.jpg (GRAPHIC) — 191KB
• 0001493152-24-037841.txt ( ) — 15844KB
• trug-20240630.xsd (EX-101.SCH) — 97KB
• trug-20240630_cal.xml (EX-101.CAL) — 112KB
• trug-20240630_def.xml (EX-101.DEF) — 608KB
• trug-20240630_lab.xml (EX-101.LAB) — 609KB
• trug-20240630_pre.xml (EX-101.PRE) — 637KB
• forms-1a_htm.xml (XML) — 2101KB

USE OF PROCEEDS

USE OF PROCEEDS 31 MARKET PRICE OF OUR CLASS A COMMON STOCK AND DIVIDEND INFORMATION 32

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 41 MANAGEMENT 58 EXECUTIVE AND DIRECTOR COMPENSATION 63 BENEFICIAL OWNERSHIP OF SECURITIES 64 SELLING SECURITYHOLDERS 65 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 67 DESCRIPTION OF OUR SECURITIES 69 SECURITIES ACT RESTRICTIONS ON RESALE OF OUR SECURITIES 78 PLAN OF DISTRIBUTION 80 LEGAL MATTERS 82 EXPERTS 82 WHERE YOU CAN FIND MORE INFORMATION 82 INDEX TO FINANCIAL STATEMENTS F-1 You should rely only on the information contained in this prospectus. No one has been authorized to provide you with information that is different from that contained in this prospectus. This prospectus is dated as of the date set forth on the cover hereof. You should not assume that the information contained in this prospectus is accurate as of any date other than that date. i ABOUT THIS PROSPECTUS This prospectus is part of a registration statement on Form S-1 that we filed with the U.S. Securities Exchange Commission (the "SEC"), under which the Selling Securityholders may, from time to time, sell the securities offered by them described in this prospectus. We will not receive any proceeds from the sale by such Selling Securityholders of the securities offered by them described in this prospectus. This prospectus also relates to the issuance by us of shares of Class A Common Stock issuable upon the conversion of the Notes and the exercise of the Warrants. We will receive proceeds to the extent there are any cash exercises of the Warrants. Neither we nor the Selling Securityholders have authorized anyone to provide you with any information or to make any representations other than those contained in this prospectus, any applicable prospectus supplement, or any free writing prospectuses prepared by or on behalf of us or to which we have referred you. Neither we nor the Selling Securityholders take responsibility for, and can provide no assurance as

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