TruGolf Holdings (TRUG) has released an update to notify the public and investors about the unregistered sales of equity securities.
The recent issuance of private investment in public equity (PIPE) Convertible Notes and Warrants was executed under an exemption that allows for the sale of securities without a public offering. This strategic financial move was made in accordance with the Securities Act of 1933, leveraging a private placement to sophisticated investors as a way to raise capital.
For further insights into TRUG stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.
