TruGolf Holdings shares surge 16.81% premarket after repurchasing 423,402 Class A shares under $2 million buyback program.

TruGolf Holdings surged 16.81% in premarket trading following its announcement that it repurchased 423,402 shares of its Class A common stock under a $2 million stock buyback program. The company noted approximately $1.67 million remains available for future repurchases, reinforcing its commitment to returning value to shareholders. The share repurchase, executed at an undisclosed average price, signals management’s confidence in the stock’s valuation and strengthens investor sentiment by reducing shares outstanding, potentially boosting earnings per share. The move aligns with the company’s strategy to optimize capital structure and underscores positive market perception of its financial flexibility.