S-1 · resale registration
Issued 2025
Proposed maximum
Shares registered
- Filed
- Effective
TRUG$0.6675-7.15%
TruGolf Holdings, Inc.
Sector: Sporting & Athletic Goods, NECIndustry: Electronic Gaming & MultimediaCountry: USExchange: Nasdaq
Mkt Cap:$1.43M
Float & O/S:
Inst Own:
DilutionScan read 28 of TruGolf Holdings, Inc.'s SEC filings and found 4 warrant series, 4 convertibles, 1 equity line, 1 shelf registration, 1 S-1 registration and 2 completed offerings on file for TRUG. The latest dilution event on file is an offering on Oct 8, 2026. Analysis updated Nov 3, 2026.
Signal8 Summary
TRUG
Severe losses, repeated reverse splits, heavy dilution risk
- Business
- WeakNet loss $15.2M vs $18.9M revenue, margin collapsed to 26%
- Stock risk
- High$167K micro-cap, two reverse splits in 12 months, 1,956% dilution overhang
Snapshot
TruGolf makes golf simulators and software and is now pivoting into blockchain infrastructure through its Polymath acquisition. FY2025 revenue fell 13.6% to $18.9M as gross margin collapsed from 66.7% to 26%, producing a $15.2M net loss, nearly matching revenue.
What's Happening Right Now
- : TruGolf's Oct 22, 2026 8-K says it believes it has regained Nasdaq's $2.5 million minimum equity requirement, helped by the Polymath acquisition and a $2.95 million Series B warrant exercise, but Nasdaq will keep monitoring and delisting risk remains if compliance isn't shown in the next periodic report.
- : TruGolf said its E6 Connect course library passed 15,000 courses and keeps scaling on-demand across 19 launch monitors and its TruGolf Links franchise locations.
- : Following its completed acquisition of Polymath Research, TruGolf was featured in a promotional editorial describing its move into regulated tokenization and digital-securities infrastructure.
- : Agreed to issue shares for $2.95M in stated gross proceeds (not a priced public or registered offering).
- : Issued warrants across 2 series.
- : Registered $200.00M of securities for sale on Form S-3.
Raise routes on file: effective shelf + effective S-1 · latest dilution event 26 days ago
Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need
AI dilution summary
The dominant contractual driver and its mechanism, then each further driver ranked.
Latest dilution event
Oct 8, 2026 · Offering
Every warrant, convertible, ATM and shelf, cited to the filing
A free account reads 3 tickers a day in full
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
Share count and cash history
Shares outstanding, potential dilution and cash over time
Effective
Series A Preferred Warrants (warrants to purchase Series A Convertible Preferred
Issued 2025
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Exercise Price
Outstanding
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- Anti-Dilution
- Cashless Exercise
- Expiration
Warrant
Issued 2026
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Outstanding
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- Anti-Dilution
- Cashless Exercise
- Expiration
Series B Preferred Warrants (additional warrants for Series B preferred shares i
Issued 2026
Shares Underlying
Exercise Price
Outstanding
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- Anti-Dilution
- Cashless Exercise
- Expiration
Warrant
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- Cashless Exercise
- Expiration
Convertible
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Series A Convertible Preferred Stock
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Series B Convertible Preferred Stock
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Series C Convertible Preferred Stock
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Equity line
Issued 2025
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S-3 shelf registration
Issued 2025
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- Baby shelf
Offering
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Offering
Issued 2026
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Know who's about to sell into your TRUG trade
Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
