TruGolf Holdings Inc. has announced significant financial restructuring as part of its efforts to regain compliance with Nasdaq's listing requirements. On July 21, 2025, the company successfully converted $3.9 million in convertible notes into 3,938 shares of Series A Preferred Stock. Additionally, a warrant holder exercised options amounting to approximately $5 million for 5,555 shares of Series A Preferred Stock. These strategic moves have bolstered the company's stockholders' equity, ensuring it exceeds the $2.5 million threshold necessary for continued listing. Furthermore, earlier actions in April 2025 saw the conversion of outstanding notes payable into Class B and Class A common stock, further strengthening the company's financial position. As of July 17, the company has also regained compliance with the minimum bid price requirement, signaling a positive turnaround in its financial health.