TruGolf Holdings, Inc., a Salt Lake City-based company specializing in indoor golf solutions and technology, has announced a 1-for-10 reverse stock split of its Class A common stock, effective Monday, September 29, 2026. Founded in 1983, the company trades on the Nasdaq Capital Market under the ticker TRUG (CUSIP: 243733607).
The split will reduce outstanding shares from approximately 12.44 million to 1.24 million, proportionally lowering the authorized share count to 10 million. Every 10 shares will be consolidated into 1, with fractional shareholders receiving cash instead of fractional stock. The par value of the shares remains unchanged.
The move aims to adjust the company’s equity structure without altering stockholder ownership percentages, though it may influence trading volumes and liquidity. TruGolf’s business focuses on developing and manufacturing indoor golf systems and related technology, catering to the growing market for alternative golf experiences.
