TruGolf Announces it is Compliant with Nasdaq Listing Rules
TruGolf Holdings (NASDAQ: TRUG), a provider of golf simulator software and hardware, has announced that it has successfully regained compliance with Nasdaq's listing rules. The company will remain under Nasdaq Mandatory Panel Monitor for a one-year period.
CEO Chris Jones expressed satisfaction with the development and thanked employees, external advisors, and attorneys for their support during this challenging period. The company plans to share its operating results in the near future.
TruGolf, established in 1983, focuses on developing indoor golf solutions and has created products including the "Links" video games, hardware solutions, and the E6 CONNECT e-sports platform.
TruGolf Holdings (NASDAQ: TRUG), fornitore di software e hardware per simulatori di golf, ha annunciato di aver nuovamente rispettato le regole di quotazione del Nasdaq. L'azienda resterà sotto la supervisione obbligatoria del Nasdaq Mandatory Panel Monitor per un periodo di un anno.
Il CEO Chris Jones ha espresso soddisfazione per questo risultato e ha ringraziato i dipendenti, i consulenti esterni e gli avvocati per il loro supporto durante questo periodo difficile. L'azienda prevede di comunicare a breve i risultati operativi.
Fondata nel 1983, TruGolf si concentra sullo sviluppo di soluzioni per il golf indoor e ha creato prodotti come i videogiochi della serie "Links", soluzioni hardware e la piattaforma e-sport E6 CONNECT.
TruGolf Holdings (NASDAQ: TRUG), proveedor de software y hardware para simuladores de golf, ha anunciado que ha vuelto a cumplir con las normas de cotización de Nasdaq. La compañía permanecerá bajo la supervisión obligatoria del Nasdaq Mandatory Panel Monitor durante un año.
El CEO Chris Jones expresó su satisfacción por este logro y agradeció a los empleados, asesores externos y abogados por su apoyo durante este período complicado. La empresa planea compartir sus resultados operativos próximamente.
Fundada en 1983, TruGolf se dedica al desarrollo de soluciones para golf en interiores y ha creado productos como los videojuegos "Links", soluciones de hardware y la plataforma de e-sports E6 CONNECT.
TruGolf Holdings (NASDAQ: TRUG)는 골프 시뮬레이터 소프트웨어 및 하드웨어 제공업체로서, 나스닥 상장 규정을 성공적으로 준수하게 되었음을 발표했습니다. 회사는 1년간 나스닥 필수 패널 모니터링 대상에 남아 있을 예정입니다.
CEO 크리스 존스는 이 성과에 만족을 표하며, 이 어려운 시기에 직원들, 외부 자문단 및 변호사들의 지원에 감사를 전했습니다. 회사는 가까운 시일 내에 운영 실적을 공유할 계획입니다.
1983년에 설립된 TruGolf는 실내 골프 솔루션 개발에 주력하며, "Links" 비디오 게임, 하드웨어 솔루션, E6 CONNECT e-스포츠 플랫폼 등의 제품을 만들어왔습니다.
TruGolf Holdings (NASDAQ : TRUG), fournisseur de logiciels et matériels pour simulateurs de golf, a annoncé avoir retrouvé la conformité avec les règles de cotation du Nasdaq. La société restera sous la surveillance obligatoire du Nasdaq Mandatory Panel Monitor pour une durée d’un an.
Le PDG Chris Jones s’est déclaré satisfait de cette évolution et a remercié les employés, les conseillers externes et les avocats pour leur soutien durant cette période difficile. La société prévoit de communiquer prochainement ses résultats opérationnels.
Fondée en 1983, TruGolf se concentre sur le développement de solutions de golf en intérieur et a créé des produits tels que les jeux vidéo « Links », des solutions matérielles et la plateforme e-sport E6 CONNECT.
TruGolf Holdings (NASDAQ: TRUG), ein Anbieter von Golf-Simulator-Software und -Hardware, hat bekannt gegeben, dass das Unternehmen die Nasdaq-Listingregeln erfolgreich wieder eingehalten hat. Das Unternehmen bleibt für einen Zeitraum von einem Jahr unter der Aufsicht des Nasdaq Mandatory Panel Monitor.
CEO Chris Jones zeigte sich zufrieden mit dieser Entwicklung und dankte den Mitarbeitern, externen Beratern und Anwälten für ihre Unterstützung in dieser herausfordernden Zeit. Das Unternehmen plant, in naher Zukunft seine Betriebsergebnisse zu veröffentlichen.
TruGolf, gegründet 1983, konzentriert sich auf die Entwicklung von Indoor-Golf-Lösungen und hat Produkte wie die Videospielreihe „Links“, Hardwarelösungen und die E6 CONNECT E-Sport-Plattform entwickelt.
- Regained compliance with Nasdaq listing requirements
- Avoided potential delisting risk
- Company remains under Nasdaq Mandatory Panel Monitor for one year
- Previous listing compliance issues indicate past financial or operational challenges
Insights
TruGolf has successfully regained Nasdaq compliance, resolving a critical regulatory issue while remaining under monitoring for the next year.
TruGolf Holdings (NASDAQ: TRUG) has announced its return to compliance with Nasdaq listing requirements, following a decision by Nasdaq's Hearing Panel. This regulatory milestone represents the resolution of what appears to have been a significant compliance challenge for the company, though the specific nature of the previous violations wasn't detailed in the announcement.
While this development ensures TruGolf can continue trading on the Nasdaq exchange without immediate delisting concerns, it's important to note that the company remains subject to Nasdaq Mandatory Panel Monitor for a one-year period. This monitoring status indicates that regulators will maintain heightened scrutiny of the company's compliance during this probationary timeframe.
For investors, this news removes a substantial near-term risk that could have severely impacted share liquidity and institutional investment accessibility. Companies delisted from major exchanges typically experience reduced trading volumes, limited analyst coverage, and diminished access to capital markets - all of which have been averted for now.
The CEO's characterization of this as a "challenging period" suggests the compliance issues were significant, requiring substantial corporate resources and management attention to resolve. With this regulatory hurdle cleared, management can presumably refocus on operational performance, with the CEO specifically mentioning upcoming operating results announcements.
Salt Lake City, Utah, Aug. 05, 2025 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ: TRUG), a leading provider of golf simulator software and hardware, announced today that it was notified by Nasdaq's Hearing Panel that it has regained compliance with Nasdaq's listing rules, subject to Nasdaq Mandatory Panel Monitor for a period of one year.
Chief Executive Officer and Director Chris Jones said, “We are very pleased to receive notice from the Nasdaq Hearing Panel that we have regained compliance with all Nasdaq listing requirements. I also would like to thank our employees, external advisors and attorneys for helping us successfully navigate this challenging period in the Company’s history. We look forward to sharing our operating results in the near future.”
Disclaimer on Forward Looking Statements
This news release contains certain statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements that are not of historical fact constitute “forward-looking statements” and accordingly, involve estimates, assumptions, forecasts, judgements and uncertainties. Forward-looking statements include, without limitation, the Company’s ability to maintain compliance with Nasdaq listing rules during the one-year Discretionary Panel Monitor period. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including ''believes,'' ''estimates,'' ''anticipates,'' ''expects,'' ''plans,'' ''projects,'' ''intends,'' ''potential,'' ''may,'' ''could,'' ''might,'' ''will,'' ''should,'' ''approximately'' or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading "Risk Factors" in the Company's Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC, which are available on the SEC's website, www.sec.gov
About TruGolf:
Since 1983, TruGolf has been passionate about driving the golf industry with innovative indoor golf solutions. TruGolf builds products that capture the spirit of golf. TruGolf's mission is to help grow the game by attempting to make it more Available, Approachable, and Affordable through technology - because TruGolf believes Golf is for Everyone. TruGolf's team has built award-winning video games ("Links"), innovative hardware solutions, and an all-new e-sports platform to connect golfers around the world with E6 CONNECT. Since TruGolf's beginning, TruGolf has continued to attempt to define and redefine what is possible with golf technology.
| Contact: | Michael Bacal |
| mbacal@darrowir.com | |
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