TruGolf closes Polymath Research acquisition, folding business into Canadian unit
TRUG•TruGolf completed its acquisition of Canada-based Polymath Research on Oct. 8, 2026, issuing 257,494 Class A shares and 136,956 Series C preferred shares. TruGolf must reserve $2.5 million for Polymath operations, compliance costs and transaction expenses.
1. Acquisition terms
TruGolf Holdings completed the acquisition through an amalgamation into a wholly owned subsidiary. The Class A shares issued represented 19.99% of TruGolf’s outstanding Class A shares immediately before closing. The Series C preferred shares have a $1,000 stated value and are convertible at $11.82 per Class A share, revised from $3.94.
