TruGolf Announces Reverse Stock Split

Core Viewpoint - TruGolf Holdings, Inc. announced a 1-for-50 reverse stock split of its Class A common stock, effective June 23, 2025, to consolidate shares and potentially enhance stock performance [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will consolidate every fifty shares of Class A common stock into one share, reducing the outstanding shares from approximately 40.5 million to about 0.8 million [2][3]. - The number of authorized shares will remain at 650 million, and no fractional shares will be issued; instead, stockholders will receive cash for any fractional shares [2][3]. Group 2: Company Background - TruGolf has been a key player in the golf industry since 1983, focusing on innovative indoor golf solutions and technology to make golf more accessible [4]. - The company aims to grow the game of golf by making it more available, approachable, and affordable through its products and services, including award-winning video games and an e-sports platform [4].