TruGolf LINKS REGIONAL DEVELOPER SIGNS LEASE FOR FIRST LOCATION
Rhea-AI Summary
TruGolf (NASDAQ:TRUG) signed a lease for a 4,011 square-foot flagship TruGolf Links Center at 1137 Old Country Road, Westbury, New York. The location will feature five premium golf simulators, an upscale restaurant and full bar, and aims to open this Fall.
The site is the company’s first signed Long Island flagship and will be developed by regional franchisee Gio Dinsay.
Positive
- Lease signed for a 4,011 SF flagship in Westbury, New York
- Facility includes five premium golf simulators
- Adds an upscale restaurant and full bar to the offering
- First signed TruGolf Links flagship on Long Island
Negative
- Lease financial terms were not disclosed
- Opening date is targeted for this Fall and not guaranteed
News Market Reaction – TRUG
On the day this news was published, TRUG declined 0.42%, reflecting a mild negative market reaction. Argus tracked a peak move of +14.0% during that session. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $15K from the company's valuation, bringing the market cap to $3.63M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
TRUG was up 9.09% pre-news while peers showed mixed moves: GXAI up 2.24%, GIGM up 1.02%, BHAT down 42.79%, MSGM down 2.9%, TBH down 4.97%. This pattern points to stock-specific drivers rather than a unified sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Apr 16 | Earnings results | Negative | -16.6% | Q4 and 2025 results with declining sales and significant net loss. |
| Mar 25 | Reverse stock split | Negative | -36.3% | 1-for-10 reverse split of Class A common stock announced. |
| Mar 11 | Redomestication | Neutral | -0.1% | Corporate move from Delaware to Nevada with operations unchanged. |
| Feb 10 | Share repurchase | Positive | +16.8% | Update on repurchase of 423,402 shares under $2.0M program. |
| Feb 04 | Platform partnership | Positive | +0.4% | Planned Q1 2026 launch integrating D3’s Digital Wallet Services. |
Recent news-driven moves generally aligned with headline tone: negative reactions to reverse split and weak 2025 trends, positive for buybacks, and modest moves on strategic updates.
Over the last six months, TruGolf has reported several material events. Q4 and full‑year 2025 results on Apr 16, 2026 showed revenue of $5.1M for Q4 and a full‑year net loss of $15.8M, with the stock falling 16.59%. A 1-for-10 reverse split announced on Mar 25, 2026 drove a 36.34% decline. By contrast, a buyback update on Feb 10, 2026 saw a 16.76% gain. Strategic and corporate actions like redomestication and the D3 Sports Tech launch prompted minimal price changes, suggesting stronger reactions to capital-structure and earnings items than to partnership news.
Regulatory & Risk Context
An effective S-3 universal shelf filed on Nov 17, 2025 allows TruGolf to register up to $200,000,000 of various securities. Shelf sales are constrained by smaller‑issuer rules tied to public float, and no usage is recorded yet in the provided data.
Market Pulse Summary
This announcement details TruGolf’s shift into franchised TruGolf Links Centers, highlighted by a 4,011 SF flagship lease in Westbury, New York with 5 premium simulators, upscale dining and a full bar. It complements the company’s simulator and software business by adding brick‑and‑mortar, community‑oriented venues. Recent history shows meaningful stock reactions to capital-structure and earnings events, while strategic launches saw modest moves. Investors may watch future updates on additional leases, venue performance, and any usage of the existing $200,000,000 shelf registration.
AI-generated analysis. Not financial advice.
Flagship Location Coming to Westbury, New York Featuring “Eatertainment” Experience
CENTERVILLE, UTAH, April 28, 2026 (GLOBE NEWSWIRE) -- TruGolf Links today announced a lease signed by Long Island Regional Developer, Gio Dinsay, for 1137 Old Country Road in Westbury to open a 4,011SF flagship facility. This is TruGolf Link’s first signed Flagship location on Long Island and includes an upscale restaurant and full bar component and aims to open this Fall. As retail destinations diversify and work to create more compelling reasons to visit, adding this type of facility/concept is an ideal way to draw more customers on a regular basis to benefit the entire community.
A Nasdaq-listed tech and manufacturing company of high-tech golf simulators, TruGolf (Nasdaq:TRUG) has historically sold their tech throughout the United States to end-users. Now, the company is rolling out their own brick and mortar TruGolf Links Center franchised locations with a new, proprietary, best-in-class operating model that offers a high-end entertainment experience for guests.
“This location in Westbury is a great site, and we are excited to be bringing a flagship TruGolf Links Center there later this year,” said Dr. Ben Litalien, Chief Development Officer for TruGolf. “Our regional developer, Gio Dinsay, will be providing an unparalleled golf simulator, arcade, and elevated bar experience. I can’t think of a better place on Long Island for our first TruGolf Links Center.”
The new flagship will be positioned in a premium and easily accessible location at Old Country Road and Carmen Avenue. The new TruGolf Links Center facility includes five premium golf simulators, upscale and elevated food & beverage menu, paired with a full bar of cocktails and a curated wine and beer selection. It’s the perfect setting for a night out with friends or a family weekend excursion, as well as serious golfers wanting the ultimate indoor golf experience.
“Bringing TruGolf Links to Westbury is incredibly exciting—not just as a flagship location, but as a new hub for the community,” said Gio Dinsay, Regional Developer. “Whether you’re an avid golfer, looking for a fun night out with friends, planning a family outing or a company event, our center is designed to deliver something for everyone. Westbury deserves a destination that blends immersive indoor golf, great food and drinks, and entertainment for all audiences. We’re proud to make that vision a reality.” Dinsay, a Physical Therapist, owns and operates over 20 “Within Normal Limits” Physical Therapy Clinics on Long Island.
TruGolf worked with Ryan Wesner from Quadra Commercial, TruGolf Links national broker, on this transaction.
ABOUT TRUGOLF, INC.
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. Learn more at www.trugolf.com.
ABOUT TRUGOLF LINKS FRANCHISING
While the company offers individual franchises, the focus of its expansion efforts is with Regional Developers who acquire a territory of 1M or more in population, open a flagship location within that territory, then develop the territory with additional units they own or with independent franchisees. Regional Developers are compensated for attracting franchisees and providing support locally to all TruGolf Links locations within their territory.
For more information about TruGolf Links franchise program, visit www.trugolflinks.com or contact Andrew Johnson, Vice President of Franchise at andrewj@trugolflinks.com.
Forward-Looking Statements
This press release contains "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 safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by words such as "will," "believe," "anticipate," "expect," "estimate," "intend," "plan," or their negatives or variations of these words, or similar expressions. All statements contained in this press release that do not strictly relate to matters of historical fact should be considered forward-looking statements. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, the risk that we and our current and future collaborators are unable to successfully develop and commercialize our products or services, or experience significant delays in doing so; the risk that we may never achieve or sustain profitability; the risk that we will need to raise additional capital to execute our business plan, which may not be available on acceptable terms or at all; the risk that we experience difficulties in managing our expected growth and expanding operations; the risk that third party suppliers and manufacturers are not able to fully and timely meet their obligations; the risk that we are unable to secure or protect our intellectual property; the possibility that we may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties discussed under the "Risk Factors" section of the Company's periodic filings with the SEC. 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.
CONTACTS: Rebecca Church Michael Bacal
rebecca@trugolflinks.com mbacal@darrowir.com
(801) 298-1997 (917) 866-9071
trugolflinks.com darrowir.com
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