Shares of TruGolf Holdings Inc. (NASDAQ:TRUG) are surging Friday morning as investors rallied behind an operational milestone from its pending acquisition target, Polymath Research Inc., which announced a strategic partnership expanding its digital asset footprint.

Polymath Partners with High Ridge Trust to Advance Institutional Infrastructure

On Friday, Polymath announced a strategic partnership with High Ridge Trust, a regulated U.S. trust company specializing in institutional digital assets. The collaboration connects Polymath’s enterprise tokenization platform, built for the issuance, compliance and lifecycle management of regulated digital securities, with High Ridge’s regulated trust framework to support institutional custody, client-directed trading, and real-world asset tokenization.

The company says the agreement directly enhances TruGolf’s strategic outlook following its August 18 definitive agreement to acquire Polymath, a transaction structured to bring Polymath’s blockchain technology and digital securities infrastructure to U.S. public markets.

TRUG Stock Surges Friday

TRUG Price Action: TruGolf Holdings shares were trading higher by 37.75% at 51 cents on Friday, according to Benzinga Pro data.

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