TruGolf Announces Reverse Stock Split

Rhea-AI Summary

TruGolf (NASDAQ: TRUG) announced a 1-for-10 reverse stock split of its Class A common stock, effective March 27, 2026, changing the CUSIP to 243733508. Every ten pre-split shares will be combined into one post-split share; fractional shares will be paid in cash.

Outstanding Class A shares will be reduced from approximately 5,355,626 to about 535,563, and authorized Class A shares will be proportionately reduced to 100,000,000. Par value remains unchanged and percentage ownership is preserved except for cash-outs of fractional shares.

Positive

• Outstanding shares reduced ~90%: 5,355,626 to 535,563
• Authorized Class A shares proportionately reduced to 100,000,000
• Ticker continuity retained: continues trading as TRUG on Nasdaq

Negative

• Fractional shares will be cashed out, altering some shareholders' holdings
• Reverse split may reduce share count without changing economic ownership, which can signal corporate distress to some investors

News Market Reaction – TRUG

-36.34% 12.0x vol

22 alerts

-36.34% News Effect

-42.5% Trough in 11 hr 3 min

-$2M Valuation Impact

$2.93M Market Cap

12.0x Rel. Volume

On the day this news was published, TRUG declined 36.34%, reflecting a significant negative market reaction. Argus tracked a trough of -42.5% from its starting point during tracking. Our momentum scanner triggered 22 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $2M from the company's valuation, bringing the market cap to $2.93M at that time. Trading volume was exceptionally heavy at 12.0x the daily average, suggesting significant selling pressure.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Reverse split ratio: 1-for-10 Pre-split shares outstanding: 5,355,626 shares Post-split shares outstanding: 535,563 shares +5 more

8 metrics

Reverse split ratio 1-for-10 Class A common stock reverse split effective March 27, 2026

Pre-split shares outstanding 5,355,626 shares Class A common stock before reverse split

Post-split shares outstanding 535,563 shares Approximate Class A shares after 1-for-10 reverse split

Authorized shares post-split 100,000,000 shares Authorized Class A common stock after proportional reduction

Fractional share treatment Cash in lieu Stockholders receive cash instead of fractional shares

New CUSIP 243733508 CUSIP for TRUG after March 27, 2026 split adjustment

Trading start date post-split March 27, 2026 Date TRUG trades on split-adjusted basis

Current share price $0.5801 Price before split announcement impact, down 5.78% over 24h

Market Reality Check

Price: $4.47 Vol: Volume 133,015 is 1.42x t...

normal vol

$4.47 Last Close

Volume Volume 133,015 is 1.42x the 20-day average, indicating elevated trading interest ahead of the reverse split. normal

Technical Shares at $0.5801 are trading below the 200-day MA of $2.85, reflecting prolonged technical weakness before this reverse split.

Peers on Argus

TRUG is down 5.78% while peers show mixed moves: GXAI -2.24%, MSGM -3.5%, BHAT -...

1 Down

TRUG is down 5.78% while peers show mixed moves: GXAI -2.24%, MSGM -3.5%, BHAT -42.79%, TBH -0.63%, and GIGM +1.4%. Only TBH appeared on the momentum scanner, down 8.18%, suggesting today’s move in TRUG is more company-specific to the reverse split.

Previous Stock split Reports

1 past event · Latest: Jun 18 (Negative)

Same Type Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
Jun 18	Reverse stock split	Negative	-22.6%	Announced 1-for-50 reverse split, sharply reducing outstanding shares and float.

Pattern Detected

The prior reverse split on Jun 18, 2025 saw a -22.59% 24-hour move, indicating historically negative reactions to similar capital-structure actions.

Recent Company History

This announcement marks TruGolf’s second reverse stock split in less than a year, following a 1-for-50 reverse split effective Jun 23, 2025 that reduced outstanding shares from 40.5 million to about 0.8 million and led to a -22.59% 24-hour reaction. Both events maintained the TRUG symbol, introduced new CUSIPs, and treated fractional shares with cash in lieu. Today’s 1-for-10 split similarly consolidates the share count and continues that pattern of structural share adjustments.

Historical Comparison

-22.6% avg move · In the past 12 months, TruGolf had one reverse split announcement tagged as stock split, with a -22....

stock split

-22.6%

Average Historical Move stock split

In the past 12 months, TruGolf had one reverse split announcement tagged as stock split, with a -22.59% next-day move. Today’s new 1-for-10 reverse split repeats a similar capital-structure tightening pattern.

TruGolf previously executed a 1-for-50 reverse split in 2025 and now announces a 1-for-10 reverse split, each consolidating Class A shares while keeping par value unchanged and handling fractional shares with cash in lieu.

Regulatory & Risk Context

Active S-3 Shelf · $200,000,000

Shelf Active

Active S-3 Shelf Registration 2025-11-17

$200,000,000 registered capacity

TruGolf has an effective S-3 shelf filed on 2025-11-17 allowing up to $200,000,000 of securities issuance, with no reported usage to date. This provides substantial capacity for future equity, debt, or hybrid offerings, subject to the one‑third public float cap described in the filing.

Market Pulse Summary

The stock dropped -36.3% in the session following this news. A negative reaction despite the mechani...

Analysis

The stock dropped -36.3% in the session following this news. A negative reaction despite the mechanical nature of a reverse split fits TruGolf’s history, where the prior reverse split on Jun 18, 2025 led to a -22.59% move. With shares already at $0.5801 versus a $2.85 200-day MA, sentiment was weak before this announcement. The existence of an unused $200,000,000 shelf may also keep investors focused on potential future capital raises, adding to downside pressure.

Key Terms

reverse stock split, class a common stock, cusip, fractional shares, +1 more

5 terms

reverse stock split financial

"TruGolf Holdings, Inc. (NASDAQ: TRUG), today announced a 1-for-10 reverse split of its Class A common stock."

A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.

class a common stock financial

"announced a 1-for-10 reverse split of its Class A common stock."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

cusip regulatory

"but will trade under the following new CUSIP number: 243733508."

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

fractional shares financial

"No fractional shares will be issued if, as a result of the reverse stock split, a stockholder would otherwise become entitled to a fractional share"

Fractional shares are portions of a whole share of a stock or fund, allowing investors to own less than one full unit. They make it possible to invest a specific dollar amount rather than buy whole shares, like buying a slice of a pizza instead of the entire pie. For investors this lowers the cost barrier, helps with diversification, and lets you reinvest dividends or purchase expensive stocks in small, precise amounts.

par value financial

"The par value of the Class A common stock will remain unchanged"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

AI-generated analysis. Not financial advice.

Salt Lake City, Utah, March 25, 2026 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ: TRUG), today announced a 1-for-10 reverse split of its Class A common stock. Beginning on March 27, 2026, the Company’s Class A common stock will continue to trade on The Nasdaq Capital Market on a split adjusted basis under the trading symbol “TRUG” but will trade under the following new CUSIP number: 243733508.

As a result of the reverse stock split, every 10 shares of Class A common stock issued and outstanding as of the effective date will be automatically combined into one share of Class A common stock. No fractional shares will be issued if, as a result of the reverse stock split, a stockholder would otherwise become entitled to a fractional share because the number of shares of Class A common stock they hold before the reverse stock split is not evenly divisible by the split ratio. Instead, each stockholder will be entitled to receive a cash payment in lieu of a fractional share.

The reverse stock split will reduce the number of shares of outstanding Class A common stock from approximately 5,355,626 shares, the number of shares outstanding as of the date hereof, to approximately 535,563 shares. The par value of the Class A common stock will remain unchanged and the number of authorized shares of Class A common stock will be proportionately reduced to 100 million shares. The reverse split affects all stockholders uniformly and will not alter any common stockholder’s percentage interest in the Company’s equity, except to the extent that the reverse split results in some common stockholders owning a fractional share as described above.

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. 

Forward-Looking Statements

Some of the statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, the timing and completion of the reverse split. These statements relate to future events, future expectations, plans and prospects. Although the Company believes 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, including those discussed under Item 1A. "Risk Factors" in the Company’s most recently filed Form 10-K filed with the Securities and Exchange Commission ("SEC") and updated from time to time in its Form 10-Q filings and in its other public filings with the SEC. Any forward-looking statements contained in this press release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this press release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.

CONTACTS:

Michael Bacal
mbacal@darrowir.com
917-886-9071

FAQ

What is the reverse stock split announced by TruGolf (TRUG) and when is it effective?

The reverse split is a 1-for-10 consolidation of Class A shares, effective March 27, 2026. According to the company, every ten pre-split shares will combine into one post-split share, with fractional shares paid in cash to affected stockholders.

How many TruGolf (TRUG) shares will be outstanding after the March 27, 2026 reverse split?

Outstanding Class A shares will fall to approximately 535,563 after the reverse split. According to the company, this reflects a consolidation from about 5,355,626 pre-split shares to the smaller post-split share count.

Will TruGolf (TRUG) keep the same ticker and what is the new CUSIP after the split?

Yes, TruGolf will continue trading under the ticker TRUG on Nasdaq, and the new CUSIP is 243733508. According to the company, trading will be on a split-adjusted basis beginning March 27, 2026.

What happens to fractional TruGolf (TRUG) shares after the 1-for-10 reverse split?

Fractional shares will not be issued; affected holders will receive a cash payment in lieu of fractional shares. According to the company, cash will be paid when a holder's pre-split shares do not divide evenly by ten.

Does the reverse split change TruGolf (TRUG) shareholders' percentage ownership or par value?

The reverse split does not alter a shareholder's percentage ownership except for effects from cashing fractional shares, and par value remains unchanged. According to the company, the split affects all stockholders uniformly aside from fractional share cash‑outs.