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Why Did TruGolf Holdings Plunge 21.3% After Reverse Stock Split Announcement?
Generated by AI AgentAinvest Pre-Market Radar
Thursday, Jun 19, 2025 4:48 am ET1min read
On June 19, 2025,
experienced a significant drop of 21.3% in pre-market trading, marking a notable decline in its stock value.TruGolf Holdings, Inc. announced a 1-for-50 reverse stock split of its Class A common stock, effective from June 23, 2025. This move will reduce the number of outstanding shares from approximately 40.5 million to 0.8 million, aiming to increase the stock's price per share and potentially attract more investors.
The reverse stock split is part of the company's strategic efforts to enhance its market position and financial stability. By consolidating shares, TruGolf Holdings seeks to improve liquidity and make the stock more appealing to institutional investors.
This decision reflects TruGolf Holdings' commitment to driving innovation in the
industry through advanced technology and solutions. The company aims to make golf more accessible, approachable, and affordable, aligning with its mission to grow the game globally.
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