Salt Lake City, Utah, July 21, 2025 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ: TRUG), a leading golf technology company, is pleased to announce that its first franchise location with TruGolf Links Franchising will formally open for business on July 29th in the Chicago area. The facility, on 450 S Spruce Street in Manteno, Illinois, will be celebrating from 10am to 2pm with the formal dedication to begin at noon. This is an “Executive” location which features four TruGolf Premium Simulators, TruGolf ...

Core Insights - TruGolf Holdings, Inc. is launching its new portable launch monitor, LaunchBox, globally on July 1, 2025, which aims to provide professional-grade accuracy at an accessible price point for golfers worldwide [1][4][8] Product Features - LaunchBox utilizes advanced hyper-speed camera technology to measure over 12 key shot metrics without the need for special balls or calibration, making it user-friendly for various environments [8] - The product is fully integrated with E6 APEX, offering features such as club fitting, access to over 1,500 virtual golf courses, gamified practice challenges, and broadcast-quality commentary powered by IBM watsonx.ai [6][7] Market Positioning - The launch of LaunchBox marks TruGolf's entry into the $300 million portable launch monitor market, targeting millions of home users and driving range regulars [4][5] - Priced at $2,200, LaunchBox is designed to be affordable for everyday golfers while maintaining the accuracy and realism that TruGolf is known for [8] Strategic Partnerships - The product enhances TruGolf's digital ecosystem through subscription-based software and strengthens its partnership with IBM, leveraging IBM watsonx.ai for smarter golf experiences [5]

Core Insights - TruGolf Holdings, Inc. has announced the acquisition of mlSpatial, an AI and machine learning engineering firm, to enhance its product offerings in golf technology [1][2][3] - The acquisition follows a successful partnership that began in March 2024, focusing on co-developing an AI engine for TruGolf's Apogee Launch Monitor [2] - This strategic move aims to integrate advanced AI technologies across TruGolf's product suite, improving user experiences and training suggestions [2][3] Company Overview - TruGolf is recognized as a leader in golf technology, committed to simplifying the game through innovative AI applications and gamified improvement plans [5] - The company has a history of redefining golf through technology, offering a comprehensive suite of hardware, software, and web products [5] Industry Context - The acquisition aligns with a broader industry trend of significant investments in AI infrastructure, highlighted by a recent initiative from President Donald Trump to invest up to $500 billion in AI technologies in the U.S. [3]

Core Insights - TruGolf Holdings, Inc. is a leading golf technology company that focuses on making golf easier through innovative technology solutions [2] - The company will be presenting at the "2025 Virtual Tech Conference" on June 4, 2025, highlighting its advancements in golf technology [1] Company Overview - TruGolf specializes in AI applications for content creation, image and spatial analysis, and gamified golf improvement plans, positioning itself as an industry leader in the technological revolution within golf [2] - The company's product suite includes hardware, software, and web products designed to enhance the golfing experience by making it easier to play, improve, and enjoy the game [2] Event Details - Brenner Adams, TruGolf's Chief Growth Officer, will present at the conference, which is organized by Maxim Group LLC and will be streamed live on M-Vest [1]

Group 1 - TruGolf Holdings, Inc. will present at the "2025 Virtual Tech Conference" on June 4, 2025, at 3:00 PM EDT [1] - The company is recognized as a leader in golf technology, focusing on AI applications, content creation, and spatial analysis to enhance the golfing experience [2] - TruGolf's product offerings include a suite of hardware, software, and web products designed to make playing, improving, and enjoying golf easier [2] Group 2 - The conference will be hosted by Maxim Group LLC and will be available live on M-Vest [1] - Interested participants can register for the event through a provided link [1] - For more information about TruGolf's products and innovations, the company encourages visiting their website [4]

Core Viewpoint - TruGolf Holdings, Inc. has received an extension from the Nasdaq Hearings Panel to comply with listing rules, with its listing moving to the Capital Market effective June 3, 2025 [1][2]. Company Overview - TruGolf is a leading golf technology company focused on making golf more accessible through innovative technology, including AI applications for content creation and spatial analysis [2]. - The company offers a range of products, including hardware, software, and web solutions, aimed at enhancing the golfing experience [2]. Management Statements - Chris Jones, the CEO of TruGolf, expressed satisfaction with the Panel's decision and emphasized the company's commitment to meeting Nasdaq's listing requirements [2]. - The company aims to achieve organic compliance with a share price of $1.00 to avoid a reverse stock split [2].

Core Viewpoint - TruGolf Holdings, Inc. has authorized a stock repurchase program of up to $2 million to enhance shareholder value [1][3]. Group 1: Stock Repurchase Program - The stock repurchase program will be executed until the expenditure of $2 million, or until it is terminated or completed [2]. - Purchases may occur through open-market transactions or other means as determined by management, adhering to SEC regulations [2]. - The timing and number of shares repurchased will depend on various factors including price, trading volume, and market conditions [2]. Group 2: Company Overview - TruGolf is a leading golf technology company focused on making golf more accessible through innovative technology [4]. - The company utilizes AI for content creation and spatial analysis, and offers gamified golf improvement plans [4]. - TruGolf's products include a suite of hardware, software, and web solutions aimed at enhancing the golfing experience [4].

Core Viewpoint - TruGolf Holdings, Inc. is actively working to regain compliance with Nasdaq listing rules after being notified of non-compliance due to negative stockholders' equity of ($10,508,104) [1] Group 1: Compliance Plan - The company presented a plan to the Nasdaq Hearings panel on May 15, 2025, detailing steps to regain compliance and requested an extension to execute the plan [1] - A special meeting of shareholders is scheduled for May 30, 2025, to vote on actions related to the compliance plan [2] - The Hearings panel has not yet made a determination regarding the extension or potential delisting [1] Group 2: Financial Position - TruGolf has a strong cash position exceeding $10 million, which is deemed sufficient for current operating needs [2] - The company has entered into an Equity Line of Credit for $20 million to provide liquidity without reducing shareholder equity if additional funds are needed [7] - Approximately two-thirds of accrued dividends payable owed to the company's founders were converted to common stock [7] Group 3: Company Overview - TruGolf is a leader in golf technology, focusing on innovative uses of AI and gamified golf improvement plans [3] - The company aims to enhance the golfing experience through a suite of hardware, software, and web products [3]

Salt Lake City, Utah, May 15, 2025 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ: TRUG), a leading provider of golf simulator software and hardware, announced today its first quarter 2025 results.  The Company reported sales of $5.4 million, up 7.5% compared to 2024 first quarter sales of $5.0 million. Net losses doubled to ($2.6) million for 2025’s first quarter, versus a net loss of ($1.3) million in the 2024 period, driven largely by recognition of interest expenses associated with the conversion of ...

All Convertible Notes & Majority of Related Party Notes to be Converted to Equity Salt Lake City, Utah, April 24, 2025 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ:TRUG), a leading provider of golf simulator software and hardware, announced today that it has entered into agreements with its existing noteholders to exchange all its outstanding convertible notes into a newly created Series A Preferred Stock. In addition, the common stock warrants previously issued with the convertible notes were exchang ...