TruGolf Holdings Inc. Announces New Shareholder Agreement to Modify Convertible Stock Terms and Authorize Stock Repurchase

Reuters
29 May
TruGolf Holdings Inc. Announces New Shareholder Agreement to Modify Convertible Stock Terms and Authorize Stock Repurchase

TruGolf Holdings Inc. has announced a new shareholder agreement following an amendment and waiver agreement with holders of its convertible notes and preferred stock. Under the agreement, finalized on May 28, 2025, the company will reduce the number of shares of Class A common stock it must reserve for future conversions of its preferred stock. Additionally, TruGolf will increase the number of authorized common stock shares it seeks approval for at its upcoming special stockholders' meeting. The agreement also allows TruGolf to repurchase up to $2 million worth of its common stock through open market purchases. This strategic move aims to optimize the company's capital structure and enhance shareholder value.

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