TRUG$0.6502-9.56%
TruGolf Holdings, Inc.
Sector: Sporting & Athletic Goods, NECIndustry: Electronic Gaming & MultimediaCountry: USExchange: Nasdaq
Mkt Cap:$1.39M
Float & O/S:1.88M / 2.13M
Inst Own:0.2%
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.
