Salt Lake Metropolis, Utah, June 02, 2025 (GLOBE NEWSWIRE) — TruGolf Holdings, Inc. (NASDAQ: TRUG), a number one golf expertise firm, at the moment introduced that the Nasdaq Hearings Panel has granted the corporate an extension of time to adjust to Nasdaq itemizing guidelines topic to panel circumstances. The Firm’s itemizing can be transferred to the Capital Market, efficient on the open of enterprise on June 3, 2025.
Chris Jones, TruGolf’s CEO, mentioned: “We’re very happy with the Panel’s resolution and respect the truthful listening to we acquired. The Firm is dedicated to executing our plan to fulfill the varied Nasdaq itemizing necessities required by the Panel. We’ll make the most of each out there instrument to realize natural NASDAQ compliance of $1.00 to keep away from a reverse inventory break up if potential.”
About TruGolf Holdings
TruGolf is a golf expertise firm, dedicated to creating golf straightforward. From innovative uses for AI to construct content material and improve its picture and spatial evaluation, to gamified golf enchancment plans, TruGolf is an trade chief within the rising technological revolution within the sport of golf. Since its founding, TruGolf has redefined what is feasible in golf by expertise. TruGolf’s suite of {Hardware}, Software program, and Internet Merchandise make it simpler to Play, Enhance, and Benefit from the sport of golf.
Ahead-Trying Statements
A few of the statements on this launch are forward-looking statements, which contain dangers and uncertainties. Ahead-looking statements embody, with out limitation, the timing and the quantity of shares that could be repurchased underneath the plan. Though the Firm believes that the expectations mirrored in such forward-looking statements are cheap as of the date made, expectations might show to have been materially totally different from the outcomes expressed or implied by such forward-looking statements. The Firm has tried to determine forward-looking statements by terminology together with ”believes,” ”estimates,” ”anticipates,” ”expects,” ”plans,” ”initiatives,” ”intends,” ”potential,” ”might,” ”may,” ”may,” ”will,” ”ought to,” ”roughly” or different phrases that convey uncertainty of future occasions or outcomes to determine these forward-looking statements. These statements are solely predictions and contain identified and unknown dangers, uncertainties, and different components. Any forward-looking statements contained on this launch communicate solely as of its date. The Firm undertakes no obligation to replace any forward-looking statements contained on this launch to replicate occasions or circumstances occurring after its date or to replicate the incidence of unanticipated occasions. Extra detailed details about the dangers and uncertainties affecting the Firm is contained underneath the heading “Danger Components” within the Firm’s Annual Report on Kind 10-Ok and subsequently filed Quarterly Experiences on Kind 10-Q and Present Experiences on Kind 8-Ok filed with the SEC, which can be found on the SEC’s web site, http://www.sec.gov.
For extra details about our merchandise and upcoming improvements, please go to TruGolf.com.
Media Contacts:
TruGolf: Michael Bacal: Cellphone: 917-886-9071; mbacal@darrowir.com Internet: TruGolf.com LinkedIn: @TruGolf
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