$TRUG News

TRUG says acquisition of Polymath/Polymesh positions it in regulated tokenization and digital securities infrastructure

TruGolf (TRUG) says it closed the acquisition of Polymath Research Inc. and Polymesh, giving the company ownership of a Layer‑1 blockchain and infrastructure for regulated tokenization of securities and real‑world assets. TruGolf plans to pilot the infrastructure inside its franchise network and highlights Polymath’s exploration of a tokenized film investment platform, signaling expansion beyond golf into broader digital‑securities use cases, though financial terms and commercialization timing were not disclosed.

TRUG acquires Polymath/Polymesh and will pilot tokenized equipment leases via its franchise network

TruGolf (TRUG) has acquired Polymath Research and its Polymesh Layer‑1 blockchain, giving TRUG an institutional-grade compliance layer for regulated tokenized securities. The company plans to pilot tokenized equipment leases and fractional ownership inside its franchise network (targeting Q1 2027, pending completion/integration), using Polymath’s platform rather than building new tech. Polymath brings existing traction — reported >$132M in tokenized assets, 65+ issuers, ~$4.2M revenue (2025) and a ~ $1B identified backlog — while TruGolf’s golf business generated $5M in Q1 2026, creating two distinct revenue exposures under one ticker.

TRUG: TruGolf Links to Tokenize Cap Table on Polymesh after Polymath Acquisition

TruGolf (TRUG) said TruGolf Links has signed an intercompany services agreement with its newly acquired Polymath to migrate the Links capitalization table onto Polymesh and implement investor onboarding, identity verification, and transfer restrictions on-chain. This is the first Polymath deployment inside the combined company (acquisition closed Oct 8, 2026) and is intended to underpin equipment-leasing and fractional franchise ownership plans targeted to begin rolling out in Q1 2027 as the network scales (more than 221 committed locations).

TRUG — TruGolf moves TruGolf Links cap table on-chain with Polymath in first post-merger deployment

TruGolf’s franchise arm signed an intercompany agreement with Polymath to migrate TruGolf Links’ capitalization table onto Polymesh, marking the first technology deployment after TruGolf’s Oct. 8 acquisition of Polymath. The tokenized cap table will embed investor onboarding, identity verification and transfer restrictions for compliance, and the work lays groundwork for equipment leasing and fractional franchise ownership plans targeted for Q1 2027 as the network scales toward 221+ committed locations.

TruGolf closes Polymath acquisition; $2.95M from Series B preferred warrant exercise

TruGolf completed its acquisition of Polymath and received $2.95 million in cash from holders exercising Series B preferred warrants. On October 8, 2026, holders exercised Series B preferred warrants for 3,278 shares of Series B preferred stock, which are convertible into TruGolf Class A common stock subject to beneficial ownership and Nasdaq limitations. Former Polymath shareholders also received TruGolf Class A common shares and non-voting Series C preferred stock as part of the acquisition, which closed Oct 9, 2026. Timing: Warrant exercises are already completed, so dilution is already in effect.

TRUG nets $2.95M from Series B preferred warrant exercises as Polymath acquisition closes

TruGolf closed its acquisition of Polymath and reports that holders exercised Series B preferred warrants on October 7, 2026, resulting in issuance of 3,278 shares of Series B preferred stock and aggregate net proceeds to TruGolf of $2.95 million. The issued Series B preferred stock is convertible into TruGolf Class A common stock but conversion (and any resulting common-share dilution) is subject to beneficial ownership and Nasdaq limitations. Additional transaction details and the related amendment will be included in a Form 8-K. Timing: Warrant exercises are already completed, so dilution is already in effect.

TRUG closes Polymath acquisition; $2.95M from Series B warrant exercises (3,278 pref shares)

TruGolf closed its acquisition of Polymath and reported aggregate net proceeds of $2.95 million from holders exercising Series B preferred warrants into 3,278 shares of Series B preferred stock. The Series B preferred stock was issued upon exercise on Oct 7, 2026 and is convertible into Class A common stock subject to beneficial ownership and Nasdaq limits, so preferred issuance is complete but any common-share dilution is conditional on conversion rules. Timing: Warrant exercises are already completed, so dilution is already in effect.

IBN to sponsor ThinkEquity conference; TruGolf (TRUG) to present

IBN will serve as an official media sponsor of The ThinkEquity Conference on Oct. 15, 2026 and will syndicate event content across its InvestorWire network to 5,000+ outlets and social platforms reaching roughly 2 million users. TruGolf Holdings (NASDAQ: TRUG) is a participating company and its Chairman/Interim CEO Brenner Adams will present — the item is primarily investor outreach and contains no operational or financial disclosures.

Polymath and CineCity to explore tokenized film investment platform

Polymath said it will collaborate with CineCity Studios to explore building a tokenized film-investment vehicle, with Polymath supplying digital-securities infrastructure for issuance, investor onboarding, compliance workflows and ongoing administration. The plan is intended to connect independent productions with capital and could leverage Illinois' 35% film tax credit (and a proposed 20% federal credit) to improve deal economics, but the offering is still under development and no securities are being offered. Polymath was also announced to be acquired by TruGolf Holdings (Nasdaq: TRUG) in Aug 2026, a transaction subject to customary closing conditions.

TruGolf debuts multi-bay TruGolf Range with AI Coach at Lucid Golf

TruGolf (TRUG) announced the first commercial installation of its new indoor TruGolf Range at Lucid Golf in New Albany, IN, featuring a multi-player cinematic screen and the new TruGolf AI Coach. The platform includes slow-motion club/ball replay, ball-flight data, AI swing analysis, structured training and games designed to drive repeat play and new revenue opportunities for facility operators, though no rollout schedule, customer terms, or near-term revenue impact were disclosed.

TRUG to Present Oct. 15; will Discuss Proposed Polymath Acquisition and Tokenization Push

TruGolf (NASDAQ: TRUG) and Polymath will present at the ThinkEquity Conference in New York on Oct. 15, where management will discuss TruGolf's golf technology business (including the Links franchise) and the company's expansion into tokenized financial infrastructure via a proposed acquisition of Polymath. Management will hold one-on-one investor meetings; the announcement notes the acquisition is proposed and contains forward-looking statements including uncertainty around timing/completion of a reverse split.

TruGolf advances Polymath acquisition, unveils tokenized franchise plan and 1-for-10 reverse split

TruGolf (TRUG) said its acquisition of Polymath is moving forward and highlighted leadership changes, new institutional partnerships (High Ridge Trust and Tokenized Asset Foundation), and a planned equipment-leasing/franchise financing initiative using tokenized securities targeted for Q1 2027. The company also debuted its TruGolf RANGE at a first location and announced a 1-for-10 reverse stock split of Class A shares effective Sept. 29, 2026 (new CUSIP 243733607).

TRUG to execute 1-for-10 reverse stock split effective Sept 29, 2026

TruGolf (TRUG) announced a 1-for-10 reverse split of its Class A common stock effective Sept. 29, 2026; shares will continue trading on Nasdaq under TRUG on a split-adjusted basis with new CUSIP 243733607. Outstanding shares will fall from ~12.44M to ~1.24M, authorized shares will be proportionately reduced to 10M, and fractional shares will be paid out in cash — shareholders’ percentage interests remain unchanged except for rounding.

TruGolf founder CEO Chris Jones resigns; Chairman Brenner Adams named interim, Jay Heller joins board

TruGolf (TRUG) said founder Chris Jones resigned as CEO and as a director, with Chairman Brenner Adams stepping in as Interim CEO and Jay Heller appointed to the board. The company says it is conducting a search for a permanent CEO and is progressing toward closing its previously announced acquisition of Polymath to create a new digitization business, highlighting both near-term leadership transition risk and a potential strategic pivot.

TRUG < $.50c - TruGolf Links Announces New Initiatives with Polymath to Develop Financing Opportunities for Franchisees

TRUG: Signs Las Vegas regional developer, first co-branded pickleball + TruGolf location

TruGolf Links (TRUG) signed a regional developer agreement for the greater Las Vegas area with Greg Louie and partners, who have leased a NW Las Vegas site that will house the first co-branded Dill Dinkers Pickleball and TruGolf Links Executive location featuring nine pickleball courts and four TruGolf simulator bays. The deal expands TRUG’s franchising footprint into a major market via an established local operator, but no financial terms or opening timeline were disclosed and the co-branded model is unproven.

Polymath partners with High Ridge Trust to link tokenization tech with institutional infrastructure

Polymath announced a partnership with High Ridge Trust to combine Polymath's regulated tokenization issuance/compliance technology with High Ridge's regulated custody, client-directed trading and institutional controls to support broader institutional participation in tokenized securities. The collaboration aims to develop technical and operational integrations and arrives as Polymath is under agreement to be acquired by TruGolf Holdings (Nasdaq: TRUG), a transaction intended to bring Polymath's infrastructure to the public markets but still subject to closing conditions.

TruGolf to acquire Polymath; Polymath holders to receive ~19.9% of TruGolf; $3.0M concurrent preferred raise

TruGolf will acquire Polymath in a stock-for-stock deal that issues TruGolf Class A common shares (Polymath shareholders to receive approximately 19.9% of TruGolf Class A outstanding immediately prior to closing) plus non-voting Series C preferred shares. TruGolf also expects to raise aggregate gross proceeds of $3.0 million (stated value) from existing Series A preferred holders concurrently with closing; the transaction is expected to close in Q3 2026 subject to customary conditions and regulatory approvals. Timing: Dilution depends on stockholder approval first, and the press release does not say when that will happen.

TRUG signs lease for 5,000‐SF TruGolf Links flagship at Romeo Town Center (Romeoville, IL)

TruGolf (TRUG) signed a lease for a 5,000‐square‐foot flagship TruGolf Links center at 415 North Weber Road in Romeoville, IL, slated to open this fall with four premium simulators, a 20' Horizon screen, six gaming machines and an upscale restaurant and full bar. The location is part of TruGolf’s push from selling simulators to franchised brick‐and‐mortar TruGolf Links centers; regional developer Sharif Ali will recruit franchisees and act as the Chicagoland distributor, supporting local expansion but leaving near‐term revenue impact limited and execution risk higher as rollout is early-stage.

TRUG: Signs lease for third TruGolf Links on Long Island (Miller Place)

TruGolf signed a lease for a 4,000 sq ft 'Executive' TruGolf Links franchise in the Aliano Shopping Center in Miller Place, NY, featuring five simulator bays and targeting a Fall opening. The deal advances TruGolf's shift from pure hardware sales toward franchised brick-and-mortar TruGolf Links centers, a growth channel that could drive recurring franchise and unit-level hardware/service demand though financials and terms were not disclosed.