TruGolf announces reverse split

What happened

TruGolf Holdings, Inc. (NASDAQ: TRUG) announced a 1-for-10 reverse split of its Class A common stock. Beginning on September 29, 2026, the stock will trade on a split-adjusted basis under TRUG.

The reverse split became effective as of 12:01 a.m. Eastern Time on September 29, 2026. Each 10 pre-split shares of Class A common stock were automatically combined into one new share, and no fractional shares will be issued.

Stockholders who would otherwise receive a fractional share will get cash instead. The company said the split affects all stockholders uniformly and does not change percentage interests in equity, except for any fractional-share cash-out.

Key numbers

Metric	Latest	Change	Source
Reverse split ratio	1-for-10		SEC 8-K / press release
Class A common shares outstanding	approximately 1.24 million shares	from approximately 12.44 million shares, -11.20 million shares	SEC 8-K
Authorized shares of Common Stock	10.1 million shares	from 101 million shares, -90.9 million shares	SEC 8-K

Read more: TruGolf (TRUG) stock analysis and investment case

Why it matters

OptimistFi's case is that TruGolf can create value only if simulator hardware, software experience and TruGolf Links franchising regain growth without sacrificing gross margin or forcing dilutive financing. This filing changes the capital structure, not that operating test.

OptimistFi's calculation shows the reverse split cut outstanding Class A shares by 11.20 million shares, from approximately 12.44 million to approximately 1.24 million. The filing says the split leaves percentage interests unchanged except for fractional shares.

The number of authorized shares of Common Stock also fell, from 101,000,000 to 10,100,000. That resets the share count for future equity actions, but it does not by itself change sales, margins or cash generation.

The filing says the reverse split applies uniformly, so the move is mainly mechanical unless later operating results improve.

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What's next

Beginning on September 29, 2026, the Class A common stock is scheduled to trade on The Nasdaq Capital Market on a split-adjusted basis under TRUG. A clean first day of trading would show the mechanics worked as announced.

The next operating update remains the key dated check on the turnaround, because this filing does not alter the business itself. A later report showing growth and margin progress would strengthen the case, while weak results would leave it unchanged.

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