TruGolf Announces Stock Repurchase Program

Rhea-AI Summary

TruGolf Holdings (NASDAQ: TRUG) has announced a $2 million stock repurchase program for its Class A common stock. The program will continue until the full amount is spent or the program is terminated. The company will conduct purchases through open-market transactions or other means, with timing and volume depending on factors including price, trading volume, and market conditions.

CEO Chris Jones stated that TruGolf's strong capital position enables this buyback program, which is aimed at enhancing shareholder value. The repurchases will be executed in compliance with SEC regulations.

Positive

• Authorization of $2 million stock buyback program indicates financial strength
• Program demonstrates commitment to returning value to shareholders
• Company has strong capital position to support the buyback

Negative

• Relatively small buyback size of $2 million may limit market impact
• No specific timeline provided for program completion

Salt Lake City, Utah, May 29, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of TruGolf Holdings, Inc. (NASDAQ: TRUG), a leading golf technology company, today announced the authorization of a stock repurchase program of up to $2 million of TruGolf’s Class A common stock.

The stock repurchase program will expire upon the expenditure of $2 million, when terminated or otherwise completed. Purchases may be made in open-market transactions or by other means as determined by TruGolf’s management and in accordance with the regulations of the Securities and Exchange Commission. The timing of purchases and the number of shares repurchased under the stock repurchase program will depend on a variety of factors including price, trading volume, market conditions and corporate and regulatory requirements.

“TruGolf’s capital position provides the opportunity to execute this stock repurchase program, which we believe further strengthens our shareholder value proposition,” said Chris Jones, CEO of TruGolf. 

About TruGolf Holdings

TruGolf is a golf technology company, committed to making golf easy. From innovative uses for AI to build content and enhance its image and spatial analysis, to gamified golf improvement plans, TruGolf is an industry leader in the growing technological revolution in the sport of golf. Since its founding, TruGolf has redefined what is possible in golf through technology. TruGolf’s suite of Hardware, Software, and Web Products make it easier to Play, Improve, and Enjoy the game of golf.

Forward-Looking Statements

Some of the statements in this release are forward-looking statements, which involve risks and uncertainties. Forward-looking statements include, without limitation, the timing and the amount of shares that may be repurchased under the plan. 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.

For more information about our products and upcoming innovations, please visit TruGolf.com. 

Media Contacts:

TruGolf: Michael Bacal: Phone: 917-886-9071; mbacal@darrowir.com Web: TruGolf.com LinkedIn: @TruGolf

FAQ

What is the size of TruGolf's (TRUG) stock buyback program?

TruGolf (TRUG) has authorized a $2 million stock repurchase program for its Class A common stock.

When will TruGolf's (TRUG) stock buyback program end?

The program will end upon the expenditure of the full $2 million, when terminated, or otherwise completed. No specific end date was provided.

How will TruGolf (TRUG) execute its stock buyback program?

TruGolf will execute the buyback through open-market transactions or other means, with timing and volume based on factors like price, trading volume, and market conditions.

Why did TruGolf (TRUG) announce a stock buyback program?

According to CEO Chris Jones, TruGolf's strong capital position enables the buyback program, which aims to strengthen the company's shareholder value proposition.