TruGolf Holdings Securities Class Action

A securities class action lawsuit has been filed against TruGolf Holdings, Inc. (Nasdaq: TRUG) by Pomerantz LLP on behalf of investors who purchased TruGolf Class A common stock. The complaint alleges that TruGolf and certain officers and/or directors engaged in securities fraud by making materially false and misleading statements and failing to disclose material adverse facts regarding the company's capital structure, Series A Convertible Preferred Stock, financial reporting, and Nasdaq listing compliance. Specific allegations include that Series A preferred investors were continuously converting their shares at floating and ratcheting prices, causing massive dilution that was mischaracterized as a contingent risk; that TruGolf overstated its outstanding Class A shares by approximately 52% in its April 15, 2026 Form 10-K; that proxy materials failed to disclose that the required share reserve would consume about 82% of remaining authorized shares; and that the company omitted ATW-related investors with 9.9% beneficial ownership from its April 30, 2026 Form 10-K amendment. The complaint alleges that these actions caused the Class A share count to more than double in less than five months, forced two reverse stock splits, and contributed to a decline of more than 98% in the split-adjusted stock price. Investors have until September 28, 2026, to seek appointment as lead plaintiff.