TruGolf says it regains compliance with Nasdaq stockholders' equity requirement
TRUG•TRUG•TRUG•TRUG•TruGolf Holdings believes it has regained compliance with Nasdaq’s $2.5 million minimum stockholders’ equity requirement after its Polymath acquisition and $2.95 million in warrant exercises. Nasdaq will continue monitoring the company, whose stockholders’ equity was $2.06 million on June 30, 2026.
TruGolf Holdings believes it has regained compliance with Nasdaq’s minimum stockholders’ equity requirement following its Polymath acquisition and financing. The acquisition added Polymath’s net assets to the consolidated balance sheet, and exercises of Series B preferred warrants raised $2.95 million; stockholders’ equity was $2.06 million on June 30, 2026, below the $2.5 million minimum.
Nasdaq will continue monitoring compliance, and failure to demonstrate compliance in the next periodic report could result in delisting.
