• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishGo to App
    Quantisnow Logo

    © 2026 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEWLLM Arena
    Legal
    Terms of usePrivacy policyCookie policy

    Amendment: SEC Form 10-K/A filed by TruGolf Holdings Inc.

    4/17/26 12:32:13 PM ET
    $TRUG
    Recreational Games/Products/Toys
    Consumer Discretionary
    Get the next $TRUG alert in real time by email
    true FY 0001857086 0001857086 2025-01-01 2025-12-31 0001857086 2025-06-30 0001857086 2026-04-15 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

     

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, D.C. 20549

     

    FORM 10-K/A

     (Amendment No. 1)

     

    (Mark One)

     

    ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

     

    For the fiscal year ended December 31, 2025

     

    or

     

    ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

     

    For the transition period from __________________________ to __________________________

     

    Commission file number 001-40970

     

    TRUGOLF HOLDINGS, INC.

    (Exact name of registrant as specified in its charter)

     

    Nevada   85-3269086
    State or Other Jurisdiction   (I.R.S. Employer
    of Incorporation or Organization   Identification No.)

     

    60 North 1400 West, Centerville, Utah 84014

    (Address of Principal Executive Offices) (Zip Code)

     

    Registrant’s telephone number, including area code: (801) 298-1997

     

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class   Trading Symbol(s)   Name of each exchange on which registered
    Class A Common Stock, $0.0001 par value   TRUG   The Nasdaq Stock Market LLC

     

    Securities registered pursuant to Section 12(g) of the Act: None

     

    Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒

     

    Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒

     

    Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

     

    Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

     

    Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

     

    Large accelerated filer ☐ Accelerated filer ☐
           
    Non-accelerated filer ☒ Smaller reporting company ☒
           
        Emerging growth company ☒

     

    If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

    Indicate by check mark whether the Registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐

     

    If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

     

    Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to § 240.10D-1(b). ☐

     

    Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒

     

    The aggregate market value of the common stock held by non-affiliates of the registrant as of the last business day of the registrant’s most recently completed second fiscal quarter (June 30, 2025) was $3.2 million computed by reference to the price at which the common stock was last sold ($57.20 per share).

     

    The registrant had 914,267 shares of Class A common stock outstanding as of April 15, 2026.

     

     

     

     

     

     

    EXPLANATORY NOTE

     

    TruGolf Holdings, Inc. (the “Company”) is filing this Amendment No. 1 (“Amendment”) to its Annual Report on Form 10-K for the year ended December 31, 2025 (the “Original 10-K”), which was filed with the Securities and Exchange Commission (the “SEC”) on April 15, 2026, solely to correct an error on the cover page regarding the number of shares of Class A common stock outstanding as of April 15, 2026.

     

    Specifically, the Company erroneously stated the number of shares of Class A common stock outstanding as of April 15, 2026 was 1,394,771. The correct number of shares of Class A common stock outstanding as of April 15, 2026 was 914,267. This Amendment contains only the cover page, this explanatory note, the exhibit index, the signature page and the new certifications (as further explained in the last paragraph of this explanatory note).

     

    Except for the foregoing, no other changes have been made to the Original 10-K, and this Amendment does not amend, update, or modify any other part of the Original 10-K, including the financial statements or disclosures therein. The Original Filing continues to speak as of the date of the Original Filing, and the Company has not updated the disclosures contained therein to reflect any events that have occurred as of a date subsequent to the date of the Original Filing. Accordingly, this Amendment should be read in conjunction with the Original 10-K.

     

    In accordance with SEC rules, a new certification by the Company’s principal executive officer and principal financial officer is filed herewith as exhibit 31.1 to this Amendment. As no financial statements have been included in this Amendment and this Amendment does not contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K, paragraph 3 of the certifications has been omitted. The Company is not including certifications pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350) as no financial statements are being filed with this Amendment.

     

     

     

     

    ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

     

    (a) The following documents are filed as a part of the report:

     

    We have filed the exhibits listed in the Exhibit Index below in this Form 10-K/A.

     

    (b) Exhibits.

     

    Exhibit       Incorporated by Reference
    Number   Exhibit Description   Form   Exhibit   Filing Date
    31.1*   Rule 13a-14(a) / 15d-14(a) Certification of Principal Executive Officer and Principal Financial Officer            

     

    *Filed herewith.

     

     

     

     

    SIGNATURES

     

    Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

     

    TRUGOLF HOLDINGS, INC.

     

    By: /s/ Christopher (Chris) Jones  
    Name:  Christopher (Chris) Jones  
    Title: Chief Executive Officer, Director, Interim Chief Financial Officer (Principal Executive Officer, Interim Principal Financial Officer and Interim Principal Accounting Officer)  
    Date: April 17, 2026  

     

     

     

    Get the next $TRUG alert in real time by email

    Crush Q1 2026 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $TRUG

    DatePrice TargetRatingAnalyst
    More analyst ratings

    $TRUG
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Director Polanen Humphrey P sold $12,583 worth of shares (2,500 units at $5.03), decreasing direct ownership by 83% to 500 units (SEC Form 4)

    4 - TruGolf Holdings, Inc. (0001857086) (Issuer)

    7/16/25 8:48:44 PM ET
    $TRUG
    Recreational Games/Products/Toys
    Consumer Discretionary

    Chief Executive Officer Jones Christopher Jon was granted 1,812,417 shares and was granted 4,184,342 units of Class B Common Stock, increasing direct ownership by 161% to 5,044,424 units (SEC Form 4)

    4 - TruGolf Holdings, Inc. (0001857086) (Issuer)

    4/25/25 4:01:11 PM ET
    $TRUG
    Recreational Games/Products/Toys
    Consumer Discretionary

    Chief Hardware Officer Johnson Steve Rolfe was granted 870,116 shares and was granted 2,008,843 units of Class B Common Stock, increasing direct ownership by 607% to 2,945,151 units (SEC Form 4)

    4 - TruGolf Holdings, Inc. (0001857086) (Issuer)

    4/25/25 4:01:10 PM ET
    $TRUG
    Recreational Games/Products/Toys
    Consumer Discretionary

    $TRUG
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    TruGolf Reports Fourth Quarter and Full Year 2025 Results

    Salt Lake City, Utah, April 16, 2026 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ:TRUG), a leading provider of golf simulator software and hardware, today reported its fourth quarter and full year 2025 results. 2025 vs. 2024:Q4 2025 vs. Q4 2024: Financial Highlights Cash: $10.5 million unrestricted; $12.6 million including restricted cash, up 15.5% from December 31, 2024.Total liabilities decreased to $15.9 million from $21.8 million at year-end, following the exchange of certain notes payable into equity and settlement of merger-related obligations.Golf Simulator Hardware sales increased 7.1% for the year.Stockholders' Equity: Positive $4.3 million vs. $(4.6) million deficit at y

    4/16/26 9:00:00 AM ET
    $TRUG
    Recreational Games/Products/Toys
    Consumer Discretionary

    TruGolf Announces Reverse Stock Split

    Salt Lake City, Utah, March 25, 2026 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ:TRUG), today announced a 1-for-10 reverse split of its Class A common stock. Beginning on March 27, 2026, the Company's Class A common stock will continue to trade on The Nasdaq Capital Market on a split adjusted basis under the trading symbol "TRUG" but will trade under the following new CUSIP number: 243733508. As a result of the reverse stock split, every 10 shares of Class A common stock issued and outstanding as of the effective date will be automatically combined into one share of Class A common stock. No fractional shares will be issued if, as a result of the reverse stock split, a stockholder w

    3/25/26 9:00:00 AM ET
    $TRUG
    Recreational Games/Products/Toys
    Consumer Discretionary

    TruGolf Reports Redomestication to Nevada

    Salt Lake City, Utah, March 11, 2026 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ:TRUG), stockholders approved a proposal to redomesticate the company from Delaware to Nevada during the Company's annual meeting held on February 17, 2026. The redomestication was executed through a plan of conversion requiring filings with both Delaware and Nevada state authorities. The company filed a certificate of conversion with Delaware's Secretary of State, along with articles of conversion and incorporation with Nevada's Secretary of State. New bylaws will be adopted in connection with the change. As of March 11, 2026, the Company's domicile transferred from Delaware to Nevada, with internal a

    3/11/26 9:00:00 AM ET
    $TRUG
    Recreational Games/Products/Toys
    Consumer Discretionary

    $TRUG
    SEC Filings

    View All

    Amendment: SEC Form 10-K/A filed by TruGolf Holdings Inc.

    10-K/A - TruGolf Holdings, Inc. (0001857086) (Filer)

    4/17/26 12:32:13 PM ET
    $TRUG
    Recreational Games/Products/Toys
    Consumer Discretionary

    SEC Form 10-K filed by TruGolf Holdings Inc.

    10-K - TruGolf Holdings, Inc. (0001857086) (Filer)

    4/15/26 5:26:30 PM ET
    $TRUG
    Recreational Games/Products/Toys
    Consumer Discretionary

    SEC Form NT 10-K filed by TruGolf Holdings Inc.

    NT 10-K - TruGolf Holdings, Inc. (0001857086) (Filer)

    3/31/26 4:05:18 PM ET
    $TRUG
    Recreational Games/Products/Toys
    Consumer Discretionary

    $TRUG
    Leadership Updates

    Live Leadership Updates

    View All

    TruGolf and D3 Sports Tech Announce Plans to Create a Strategic Collaboration to Revolutionize Golf Simulation Experience

    Salt Lake City, Utah, Dec. 20, 2024 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ:TRUG), a leading golf technology company, is excited to announce it has entered into a letter of intent to create a strategic collaboration with D3 Sports Tech, a pioneer in peer-to-peer skills-based wagering for sports. This collaboration will focus on innovations to enhance gameplay with more realistic and exciting experiences. By leveraging D3 Sports Tech's expertise in skills-based wagering and compliance, TruGolf intends to create more gamified experiences throughout its ecosystem for golf and multisport arcade games and franchises. The collaboration partnership will also elevate TruGolf's advanced

    12/20/24 8:30:00 AM ET
    $TRUG
    Recreational Games/Products/Toys
    Consumer Discretionary

    TruGolf Appoints Doug Bybee as Chief Revenue Officer

    SALT LAKE CITY, May 14, 2024 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ:TRUG) ("TruGolf"), among the leading sellers and distributors of golf simulator software and hardware, is today announcing the appointment of Doug Bybee as Chief Revenue Officer. "With more than 30 years of experience in driving business strategy for golf equipment, technology and distribution, Doug brings a wealth of industry knowledge that will be extremely valuable as the off-course golf game continues its tremendous growth," said Chris Jones, CEO of TruGolf. "Doug is the perfect fit for TruGolf as we continue expanding our offerings and elevating the immersive golf experience. We are delighted to welcome h

    5/14/24 9:00:00 AM ET
    $TRUG
    Recreational Games/Products/Toys
    Consumer Discretionary

    $TRUG
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    SEC Form SC 13G filed by TruGolf Holdings Inc.

    SC 13G - TruGolf Holdings, Inc. (0001857086) (Subject)

    9/27/24 5:13:17 PM ET
    $TRUG
    Recreational Games/Products/Toys
    Consumer Discretionary

    $TRUG
    Financials

    Live finance-specific insights

    View All

    TruGolf Reports Fourth Quarter and Full Year 2025 Results

    Salt Lake City, Utah, April 16, 2026 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ:TRUG), a leading provider of golf simulator software and hardware, today reported its fourth quarter and full year 2025 results. 2025 vs. 2024:Q4 2025 vs. Q4 2024: Financial Highlights Cash: $10.5 million unrestricted; $12.6 million including restricted cash, up 15.5% from December 31, 2024.Total liabilities decreased to $15.9 million from $21.8 million at year-end, following the exchange of certain notes payable into equity and settlement of merger-related obligations.Golf Simulator Hardware sales increased 7.1% for the year.Stockholders' Equity: Positive $4.3 million vs. $(4.6) million deficit at y

    4/16/26 9:00:00 AM ET
    $TRUG
    Recreational Games/Products/Toys
    Consumer Discretionary

    TruGolf Reports Third Quarter 2025 Results: Strong Margins, Strengthened Balance Sheet, and Expanding Contract Revenue Supports Long-Term Growth Strategy

    Salt Lake City, Utah, Nov. 17, 2025 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ:TRUG), a leading provider of golf simulator software and hardware, today reported its third quarter 2025 results. Third Quarter 2025 vs. Third Quarter 2024: Financial Highlights Cash: $11.4 million unrestricted; $13.5 million including restricted cash, up 30% from December 31, 2024.Total liabilities decreased to $16.7 million from $21.8 million at year-end, following the exchange of certain convertible notes into equity and settlement of merger-related obligations.Gross Margin: 69%, up sequentially from second quarter 2025.Remaining contract performance obligations of approximately $6.2 million. The C

    11/17/25 8:30:00 AM ET
    $TRUG
    Recreational Games/Products/Toys
    Consumer Discretionary

    TruGolf Reports Second Quarter 2025 Financial Results Q2 2025 Sales Grow 11.3% Over Q2 2024

    Salt Lake City, Utah, Aug. 20, 2025 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ:TRUG), a leading provider of golf simulator software and hardware, announced today its second quarter 2025 results. The Company reported sales of $4.3 million, up 11.3% compared to 2024 second quarter sales of $3.9 million. Net losses increased to ($3.3) million for 2025's second quarter, versus a net loss of ($1.6) million in the 2024 period, driven most notably by professional fees and the recognition of interest expense. EPS for 2025's second quarter improved to ($4.63), as compared to 2024's ($6.80) loss per share.  Chief Executive Officer and Director Chris Jones said, "Seasonally, the second quart

    8/20/25 4:05:00 PM ET
    $TRUG
    Recreational Games/Products/Toys
    Consumer Discretionary