Trugolf Inc

TruGolf Holdings announced the first installation of its indoor range platform, TruGolf Range, featuring its new TruGolf AI Coach experience at Lucid Golf in New Albany, Indiana. TruGolf Range allows up to five players to practice simultaneously on a single cinematic screen, with each hitting bay providing slow-motion replay of club and ball interaction, ball flight data and integrated AI analysis of swing tendencies. The Lucid Golf installation will include TruGolf AI Coach, which analyzes player shot data and tendencies to provide insights, instruction and drills. TruGolf Range also features structured training workflows, skills challenges and games, and is designed for deployments ranging from compact installations to multi-bay environments for clinics, competitions and group events. TruGolf, which trades on the Nasdaq under the ticker TRUG, has been building indoor golf solutions since 1983.

TruGolf Holdings, Inc. provided a summary of recent corporate developments as it advances its previously announced acquisition of Polymath Research Inc., a developer of institutional-grade infrastructure for regulated digital securities and tokenized real-world assets. Brenner Adams, TruGolf's Chairman, was appointed Interim Chief Executive Officer after founder Chris Jones resigned, and Jay Heller, Chief Executive Officer of K Lab and former Vice President and Head of Capital Markets and IPO Execution at Nasdaq, joined the Board of Directors. TruGolf Links and Polymath announced plans to develop an equipment leasing program funded through tokenized securities and fractional franchise ownership opportunities for qualified franchisees, targeted for the first quarter of 2027. Polymath partnered with High Ridge Trust, a regulated U.S. trust company specializing in institutional digital assets, and joined the STO Foundation, which becomes the Tokenized Asset Foundation on October 1, as Founding Partners. TruGolf also announced a 1-for-10 reverse stock split of its Class A common stock, effective September 29, 2026, with the Class A common stock trading under the new CUSIP number 243733607.