Key Highlights

  • TruGolf's 1-for-10 reverse stock split became effective at 12:01 a.m. Eastern Time on September 29, 2026.
  • The stock continues to trade under TRUG with a new CUSIP number, on a split-adjusted basis from September 29.
  • Class A shares outstanding fall from approximately 12.44 million to approximately 1.24 million, and authorized shares drop to 10,100,000.
  • The board acted under Nevada law without a stockholder vote, and holders receive cash in lieu of fractional shares.

TruGolf Holdings, Inc. (NASDAQ:TRUG), the Nasdaq-listed maker of indoor golf technology, disclosed in a Form 8-K filed on September 29, 2026 that its 1-for-10 reverse stock split became effective at 12:01 a.m. Eastern Time that day. Under the split, every ten shares of Class A common stock issued and outstanding on the effective date are automatically combined into one share.

The stock continues to trade under the symbol TRUG, with a new CUSIP number of 243733607. The company, based in Centerville, Utah, reported the change under three separate Items of the form.

How the Split Works

The company is a Nevada corporation, and the filing says the split was carried out under Nevada Revised Statutes 78.209 and 78.207 on the authority of the board of directors, without a stockholder vote. A Certificate of Change was filed as Exhibit 3.1. The reverse split reduced the number of authorized shares from 101,000,000 to 10,100,000, and the par value of $0.0001 per share was unchanged. The authorized share count therefore fell by the same ten-to-one ratio as the outstanding shares, so the proportion of authorized shares that are issued is not changed by the split itself.

Holders who would otherwise be entitled to a fractional share will receive a cash payment in lieu of that fraction, according to the filing. The report gives the event date as September 25, 2026, and it is signed by Steven Passey, the company's Chief Financial Officer, on September 29, 2026.

The Press Release

A press release dated September 25, 2026, filed as Exhibit 99.1, says trading on a split-adjusted basis begins on September 29, 2026 under the existing TRUG symbol. It states that shares of Class A common stock outstanding would fall from approximately 12.44 million before the split to approximately 1.24 million afterward. The release quotes the company as saying that "every 10 shares of Class A common stock issued and outstanding as of the effective date will be automatically combined into one share."

The Business Behind the Filing

TruGolf describes itself as operating since 1983 and developing indoor golf technology, including video games branded Links, hardware solutions and an e-sports platform called E6 CONNECT. The release quotes its mission as "help grow the game by attempting to make it more Available, Approachable, and Affordable through technology." The company's principal offices are at 60 North 1400 West, Centerville, Utah.

The 8-K reports under Item 3.03, Material Modification to Rights of Security Holders, Item 5.03, Amendments to Articles of Incorporation or Bylaws, and Item 8.01, Other Events. Item 3.03 is used when a change affects the rights of holders of a registered class of securities, and Item 5.03 covers changes to charter documents. A reverse split is a corporate action that consolidates shares, so each holder's percentage ownership stays broadly the same, apart from the treatment of fractional shares.

TruGolf's Post-Split Share and Per-Share Reporting

Shareholders and brokerage account holders will see their share counts adjusted to reflect the one-for-ten combination, and the new CUSIP number identifies the post-split shares. Future periodic reports, including the next Form 10-Q, would be expected to present share and per-share figures on the post-split basis. The company has not, in this filing, announced any other corporate action connected to the split.