TruGolf Holdings (TRUG) has released an update to notify the public and investors about the unregistered sales of equity securities.
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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.
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For a comprehensive understanding of the announcement, you can read the full document here.
