TruGolf Announces 1-for-10 Reverse Stock Split

Key Facts

TruGolf Holdings announced a 1-for-10 reverse split of its Class A common stock. GlobeNewswire reported that the stock will begin trading on a split-adjusted basis on Nasdaq starting September 29, 2026, with every 10 issued shares automatically combined into one share.

TRUG closed at $0.4057 on September 24, 2026, prior to the implementation of this corporate action which aims to reduce the number of outstanding shares from approximately 12.44 million to roughly 1.24 million. According to the company, the par value remains unchanged while authorized shares will be reduced to 10 million.