TruGolf Links Franchising, the franchise arm of TruGolf Holdings Inc. (NASDAQ: TRUG), announced it has entered into financing arrangements with Polymath Research Inc. to offer equipment leasing and fractional ownership programs aimed at qualified franchise candidates.
The initiatives come on the heels of an agreement announced Aug. 18 for TruGolf to acquire Polymath, a Canadian technology firm specializing in digital securities and tokenized financial instruments. The transaction is expected to close by the end of the fourth quarter of 2026, subject to customary closing conditions.
Under the terms of the partnership, TruGolf Links plans two primary financing mechanisms. An equipment leasing program would allow qualified candidates to access TruGolf's full suite of simulator software and hardware, funded through a tokenized offering on Polymath's platform. A second initiative—fractional ownership offerings—would enable qualified candidates to create tokenized offerings for partial franchise ownership opportunities on the same platform.
Implementation of both financing programs is targeted for the first quarter of 2027, contingent on completion of the Polymath acquisition.
"A chronic issue in franchising is financing," said Dr. Ben Litalien, chief development officer for TruGolf Links Franchising. "Given Polymath's unique platform and technology, we are working on providing an equipment leasing plan for qualified franchise candidates to access the full suite of products from TruGolf."
Matt Andelman, head of business development at Polymath, called the arrangement "an amazing development for TruGolf Links to proactively provide support to its qualified franchise candidates, bridging the financial gap of ownership and market development."
TruGolf Holdings provides golf simulator software and hardware, while TruGolf Links operates the franchise and regional developer program for indoor golf facilities.
