TruGolf Holdings, Inc. (NASDAQ:TRUG), today announced a 1-for-10 reverse split of its Class A common stock. Beginning on September 29, 2026, the Company’s Class A common stock will continue to trade on The Nasdaq Capital Market on a split adjusted basis under the trading symbol "TRUG" but will trade under the following new CUSIP number: 243733607.

As a result of the reverse stock split, every 10 shares of Class A common stock issued and outstanding as of the effective date will be automatically combined into one share of Class A common stock. No fractional shares will be issued if, as a result of the reverse stock split, a stockholder would otherwise become entitled to a fractional share because the number of shares of Class A common stock they hold before the reverse stock split is not evenly divisible by the split ratio. Instead, each stockholder will be entitled to receive a cash payment in lieu of a fractional share.

The reverse stock split will reduce the number of shares of outstanding Class A common stock from approximately 12.44 million shares, the number of shares outstanding as of the date hereof, to approximately 1.24 million shares. The par value of the Class A common stock will remain unchanged and the number of authorized shares of Class A common stock will be proportionately reduced to 10 million shares. The reverse split affects all stockholders uniformly and will not alter any common stockholder’s percentage interest in the Company’s equity, except to the extent that the reverse split results in some common stockholders owning a fractional share as described above.