SplitSep 29, 2026, 05:31 PM
TruGolf Announces 1-for-10 Reverse Stock Split
AI Summary
TruGolf Holdings, Inc. announced and completed a 1-for-10 reverse stock split of its common stock, effective September 29, 2026. This action reduces the number of authorized and outstanding shares proportionally. Holders of fractional shares resulting from the split will receive a cash payment. The company also announced the new CUSIP number for its Class A Common Stock following the split.
Key Highlights
- TruGolf Holdings, Inc. executed a 1-for-10 reverse stock split, effective September 29, 2026.
- The reverse split reduced authorized shares from 101,000,000 to 10,100,000.
- Outstanding shares will be reduced from approximately 12.44 million to 1.24 million.
- Fractional shares will be settled with cash payments in lieu.
- The new CUSIP number for Class A Common Stock is 243733607.
Price Impact
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