TruGolf Announces 1-for-10 Reverse Split Cutting Outstanding Shares to 535,563
TruGolf Holdings will effect a 1-for-10 reverse split on March 27, 2026, combining every ten Class A shares into one and reducing outstanding shares from approximately 5,355,626 to 535,563. Stockholders entitled to fractional shares will receive cash in lieu, and authorized shares will be proportionately cut to 100 million.
1. Reverse Split Overview
TruGolf Holdings announced a 1-for-10 reverse stock split of its Class A common shares effective March 27, 2026, under the existing trading symbol but with a new CUSIP number.
2. Outstanding Shares Reduction
The split will consolidate approximately 5,355,626 outstanding shares into about 535,563 shares, reducing share count tenfold while leaving par value unchanged.
3. Fractional Share Treatment
Stockholders whose holdings are not evenly divisible by ten will receive cash payments in lieu of fractional shares.
4. Authorized Shares Adjustment
The number of authorized Class A common shares will be proportionately reduced to 100 million following the reverse split.