TRUG Implements 1-for-10 Reverse Stock Split, Cutting Share Count by Nearly 90%

Share Reduction Significantly Adjusts Company’s Equity Structure

TruGolf Holdings, Inc. (NASDAQ: TRUG) announced a 1-for-10 reverse stock split of its Class A common stock, which will take effect starting March 27, 2026. After the adjustment, each shareholder’s holdings will be consolidated, converting every 10 shares into one, a significant move that reduces the total number of outstanding Class A shares from about 5,355,626 to roughly 535,563. The stock will continue trading on Nasdaq under the same symbol, with a new CUSIP number assigned to reflect the change.

Reverse Split Leaves Equity Interest Intact

This reverse split impacts all shareholders in the same manner, meaning ownership percentages remain unchanged except for those affected by fractional shares. For any fractional shares resulting from the split, TRUG will issue cash payments instead of partial stock, offering a clean transition for holders whose share counts don’t divide evenly by ten.

Key Details of the Reverse Stock Split

Key Takeaways: Structural Change Without Impacting Ownership Stake

The reverse split will not change each investor’s proportionate equity, except for those receiving cash in lieu of fractional shares. The company’s par value per share remains unchanged. After the reverse split, the authorized number of Class A shares will also be proportionally reduced—helping to streamline TRUG’s share structure while complying with Nasdaq standards.

What Might This Signal for Investors?

While a reverse split itself doesn’t change the company’s fundamentals, it can have broader implications: the move typically aims to support compliance with exchange listing requirements or to appeal to new investors by raising the post-split share price per unit. Investors may want to monitor how the market reacts after March 27 to see whether TRUG's refined share structure impacts trading dynamics or investor perception moving forward.

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