On May 14, 2025, TruGolf Holdings, Inc. entered into an Equity Purchase Facility Agreement (EPFA) with an institutional investor, allowing the company to issue and sell up to $20 million in newly issued Class A common stock shares. The company can issue and sell shares at its discretion, with the price per share determined by multiplying the market price by 93%. Additionally, TruGolf agreed to issue a commitment fee of 1.00% of the commitment amount in shares. The number of shares and specific price per share were not detailed in the document.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TruGolf Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-010545), on May 15, 2025, and is solely responsible for the information contained therein.