TruGolf Holdings shares surge 25.24% intraday after repurchasing 423,402 shares under $2M buyback program.

TruGolf Holdings surged 25.24% intraday after announcing a share repurchase of 423,402 Class A common shares under its $2 million buyback program. The Dutch-language news further detailed that the shares were acquired at an average price of $0.7552 per share, with approximately $1.67 million remaining under the program. The buyback, executed via open market or negotiated transactions, reflects the company’s strategy to optimize capital structure, signaling confidence in its intrinsic value. This move likely boosted investor sentiment by reducing share count and demonstrating management’s commitment to returning capital to shareholders.