Drive Shack Stock Price, News & Analysis

Drive Shack Inc. (DSHK), which will adopt the corporate name Golf Entertainment Group Inc., is described as a leading owner and operator of golf-related leisure and entertainment businesses focused on bringing people together through competitive socializing. The company’s common stock trades on the OTC market under the symbol DSHK, with a planned transition to new ticker symbols following a reverse stock split and rebranding.

According to company announcements, Golf Entertainment Group Inc. (formerly Drive Shack Inc.) operates three primary brands across the United States: American Golf, Drive Shack, and Puttery. These brands reflect a mix of traditional golf course operations and golf-focused entertainment venues that emphasize social experiences.

American Golf

American Golf oversees a portfolio of 42 golf courses and country clubs nationwide. The company states that this division manages a mix of owned, leased, and managed clubs across municipal, daily fee, and private categories. This structure indicates that American Golf participates in multiple types of course arrangements, from municipal facilities to private clubs, supported by what the company describes as decades of industry experience.

Drive Shack Venues

The Drive Shack brand is described as a technology-focused golf entertainment brand. Company disclosures note that Drive Shack venues feature TrackMan powered hitting bays, elevated food and beverage offerings, and dynamic social spaces. The brand operates four venues across Florida, North Carolina, and Virginia. These venues combine golf practice and play with social and dining elements, using technology to enhance the golf experience.

In West Palm Beach, Florida, the company has highlighted a major renovation of a Drive Shack venue that includes advanced nine-hole mini-golf courses designed by Puttery, new bay games, and a redesigned culinary menu. The venue incorporates TrackMan 4 technology, which the company describes as providing precision in golf simulation and range analysis.

Puttery

Puttery is presented as an elevated modern mini golf experience with immersive course design, seamless electronic scoring, and premium hospitality. Company information notes that Puttery has locations in ten major U.S. markets and serves corporate events, social gatherings, and everyday play. At the Drive Shack West Palm Beach venue, Puttery has introduced themed nine-hole courses such as "Street Art" and "The Garden," which the company describes as combining visual design with mini-golf play.

Corporate Structure and Capital Actions

Drive Shack Inc. has communicated several capital markets and corporate governance actions. The company announced a reverse stock split of its common stock at a ratio of one post-split share for every 100 pre-split shares. This reverse stock split was approved by stockholders at a special meeting and is expected to become effective at the beginning of trading on December 8, 2025. The company has also stated that no fractional shares will be issued, and stockholders otherwise entitled to fractional shares will be rounded up to the next whole share.

In connection with the reverse stock split, the company will adopt the new corporate name Golf Entertainment Group Inc. and implement a sequence of ticker symbol changes. Effective at the beginning of trading on December 8, 2025, the common stock will trade under the temporary ticker symbol "DSHKD" for a period of 20 business days, after which the ticker symbol will change to "GLFE". The company has also announced corresponding ticker changes for its Series B, Series C, and Series D preferred stock.

Listing and Trading Venue

The company has disclosed that its securities are listed on the OTCQX tier of the OTC market and that it was delisted from the New York Stock Exchange, effective January 3, 2023. The company notes that current financial disclosure is available through its OTC landing page and investor relations channels.

Tax Benefits Preservation Plan

Drive Shack Inc. has adopted and later amended and restated a Tax Benefits Preservation Plan. The company explains that this plan is intended to help protect its ability to use tax net operating losses and certain other tax assets by deterring an "ownership change" as defined under Section 382 of the Internal Revenue Code. Under the plan, stockholders of record on a specified record date received one right for each outstanding share of common stock. Each right is governed by the plan and entitles the holder to purchase a fraction of a share of Series E Junior Participating Preferred Stock at a stated purchase price, subject to adjustment.

The company’s description of the plan outlines concepts such as the definition of an "Acquiring Person," the circumstances under which rights separate from the common stock, the potential for a "flip-in" or "flip-over" event if an Acquiring Person crosses a specified ownership threshold, and the ability of the board of directors to redeem or exchange the rights under certain conditions. The plan includes exemptions for specified categories of holders and allows for amendments within the parameters described by the company.

Financial Reporting

Drive Shack Inc. regularly announces the release of quarterly and annual financial results. The company has issued press releases noting the availability of financial statements for multiple quarters and fiscal years, with reports accessible through its OTC landing page and investor relations site. These announcements cover periods such as first, second, and third quarters of various years, as well as full-year results.

Business Focus

Across its communications, the company characterizes itself as focused on golf-related leisure and entertainment and on bringing people together through competitive socializing. Its portfolio of brands—American Golf, Drive Shack, and Puttery—reflects both traditional golf course management and experiential, technology-enabled golf entertainment venues. The company’s actions, including venue renovations and integration of Puttery concepts into Drive Shack locations, are described as efforts to enhance the entertainment experience at its properties.