TruGolf Announces 1-for-10 Reverse Stock Split

(RTTNews) - TruGolf Holdings (TRUG) announced a 1-for-10 reverse split of Class A common stock. The reverse stock split will reduce the number of shares of outstanding Class A common stock from approximately 12.44 million shares, the number of shares outstanding, to approximately 1.24 million shares. The par value of the Class A common stock will remain unchanged and the number of authorized shares of class A common stock will be proportionately reduced to 10 million shares.

Beginning on September 29, 2026, the company's Class A common stock will continue to trade on Nasdaq Capital Market on a split adjusted basis under the trading symbol TRUG but will trade under a new CUSIP number: 243733607.

In pre-market trading on NasdaqCM, TruGolf shares are down 21.76 percent to $0.3174.