Nasdaq Delisting Notice Hits TruGolf as Series A Conversions Accelerate Dilution
TRUG is trading near its 52-week low of $0.79 (7.6% above the low) on light trading volume (0.3× avg).
Summary
TruGolf faces Nasdaq delisting for low equity and is converting Series A preferred stock at a reset $1.00 price, adding millions of shares.
Key Events · Legal and Risk Events · TRUG
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Nasdaq Delisting Notice
Stockholders' equity of $2,060,281 is below the $2.5M minimum required by Nasdaq Listing Rule 5550(b)(1)(A). Company has until October 5, 2026 to submit a compliance plan.
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Series A Conversion Price Reset
Conversion price reset to $1.00 per share from $2.76, making conversions far more dilutive.
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Actual Conversions Completed
$1,525,000 of Series A stated value converted into 2,688,750 shares between August 18-21, 2026.
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Remaining Conversion Overhang
Approximately $4.4 million of Series A stated value remains outstanding, convertible into about 7.69 million shares.
Analysis · TRUG · Manufacturing
A double blow lands on TruGolf: a Nasdaq deficiency notice for stockholders' equity of $2.06 million, below the $2.5 million minimum, and a Series A conversion price reset to $1.00. The company has until October 5, 2026 to submit a compliance plan. Meanwhile, $1.525 million of preferred stock converted into 2.69 million shares, with another $4.4 million remaining that could add 7.69 million shares. Delisting risk and heavy dilution now weigh on the stock.
How filings like this one have moved
In the 30 days to Oct 17, 2026, 44.5% of the 301 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.39%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TRUG was trading at $0.85 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $1.6M. The 52-week trading range was $0.79 to $44.00. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.