TRUGOLF LINKS REGIONAL DEVELOPER SIGNS LEASE FOR SECOND LOCATION
Rhea-AI Summary
TruGolf (Nasdaq: TRUG) signed a lease for a 6,120 sq ft flagship TruGolf Links Center at 1741 Broadhollow Road in Farmingdale, New York, with opening planned for this Fall.
The facility will include five premium golf simulators, a “Horizon” 20-foot screen, an upscale restaurant and full bar, and is the second Long Island site by regional developer Gio Dinsay.
Positive
- 6,120 sq ft flagship lease signed in Farmingdale
- Five premium simulators plus a “Horizon” 20-foot screen included
- Upscale restaurant & full bar integrated to drive recurring foot traffic
- Regional developer with local operations: owner of 20 clinics
Negative
- None.
News Market Reaction – TRUG
On the day this news was published, TRUG declined 12.55%, reflecting a significant negative market reaction. Argus tracked a peak move of +7.2% during that session. Argus tracked a trough of -22.1% from its starting point during tracking. Our momentum scanner triggered 18 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $494K from the company's valuation, bringing the market cap to $3.45M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
TRUG gained 9.29% while core peers like BHAT (-42.79%) and GXAI (-2.34%) declined, yet momentum names GDC (+8.13%) and TBH (+6.54%) also moved higher, indicating some broader interest in related small-cap leisure/entertainment names.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Apr 28 | Flagship lease news | Positive | -0.4% | Lease for first Long Island TruGolf Links flagship in Westbury. |
| Apr 16 | Earnings release | Negative | -16.6% | Q4 and 2025 results with revenue decline and net loss details. |
| Mar 25 | Reverse stock split | Negative | -36.3% | 1-for-10 reverse split reducing outstanding Class A shares. |
| Mar 11 | Redomestication move | Neutral | -0.1% | Redomestication from Delaware to Nevada with 1:1 share conversion. |
| Feb 10 | Share repurchase | Positive | +16.8% | Update on Class A stock buybacks under $2.0M repurchase program. |
Recent corporate and capital-structure news often saw selling, while shareholder-friendly actions like buybacks attracted buying. Expansion/franchise headlines have not consistently driven upside.
Over the past few months, TruGolf reported several strategic and structural changes. A 1-for-10 reverse split on Mar 25 and 2025 earnings on Apr 16 both saw negative price reactions. Governance and domicile steps, including redomestication to Nevada on Mar 11, were largely neutral for trading. By contrast, a stock repurchase update on Feb 10 coincided with a +16.76% move. The first Long Island flagship lease on Apr 28 saw little reaction, making today’s second-location announcement a potential continuation of that franchise build-out.
Regulatory & Risk Context
An effective S-3 shelf filed on Nov 17, 2025 allows TruGolf to offer up to $200,000,000 in various securities through future prospectus supplements, providing flexibility to raise capital over the shelf’s life.
Market Pulse Summary
The stock dropped -12.6% in the session following this news. A negative reaction despite expansion news would fit a pattern where structural and financing overhangs dominate sentiment. Shares at $2.47 sat far under the $210 52-week high and below the $18.92 200-day MA, suggesting a fragile backdrop. Prior events like the reverse split and earnings drew selling, so investors may have focused more on balance-sheet flexibility from the $200,000,000 shelf than on incremental franchise growth.
AI-generated analysis. Not financial advice.
Flagship Location Coming to Farmingdale, New York Featuring “Eatertainment” Experience
CENTERVILLE, UTAH, May 05, 2026 (GLOBE NEWSWIRE) -- TruGolf Links today announced a lease signed by Long Island Regional Developer, Gio Dinsay, for 1741 Broadhollow Road in Farmingdale, formerly occupied by the Suffolk County OTB for three decades. The 6,120SF flagship facility is the second signed on Long Island by Gio Dinsay, Regional Developer for TruGolf Links, and it will include an upscale restaurant and full bar component with plans 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, the best indoor golf technology available, and a fresh design.
“This location in Farmingdale 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. “This facility will be providing an unparalleled golf simulator experience for avid golfers and amateurs as well, and feature our multi-sport arcade and elevated food & beverage experience. It will be an incredible addition to the community.”
The new flagship will be positioned in a premium and easily accessible location in Sherwood Plaza on Broadhollow Road and Sherwood Avenue. The new TruGolf Links Center facility includes five premium golf simulators and the “Horizon” featuring an elevated platform and 20’ screen. It will have an 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 Farmingdale 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. The Sherwood Plaza location d 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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