TruGolf amends Polymath deal to fix Series C preferred terms at USD 1,000 stated value, USD 3.94 conversion price

• TruGolf is acquiring Canada-based Polymath Research through an amalgamation with its wholly owned Canadian subsidiary, leaving Polymath as a wholly owned unit.
• Update: Sept. 8 amendment fixes Series C convertible preferred issuance at the Series C Preferred Value divided by USD 1,000 stated value.
• Polymath holders will receive Class A stock equal to 19.9% of outstanding shares immediately before closing, plus Series C preferred.
• Series C converts at USD 3.94 per Class A share, with automatic conversion slated for 5 p.m. ET two business days after required approvals.
• Conversions are capped at 19.99% aggregate ownership until any required Nasdaq listing approval, with excess shares voided and canceled.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TruGolf Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-041991), on September 09, 2026, and is solely responsible for the information contained therein.