TruGolf agrees to acquire tokenization firm Polymath in stock deal

Reuters2026/08/18 12:32

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TruGolf agreed to acquire Polymath in a stock deal, moving the Polymesh tokenized-securities blockchain into a Nasdaq-listed company.
Polymath shareholders will receive TruGolf Class A common stock equal to about 19.9% of pre-close shares, plus non-voting Series C preferred stock.
Closing is expected in Q3 2026, subject to customary conditions, including TruGolf maintaining at least $10 million market value for 10 consecutive trading days.
A $3 million capital raise in stated value from existing TruGolf Series A preferred holders is slated to close concurrently with the transaction.
Polymath reported $4.2 million revenue in 2025, with $21 million of assets.

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 GlobeNewswire (Ref. ID: 202608180830PRIMZONEFULLFEED9811959) on August 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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TruGolf agrees to acquire tokenization firm Polymath in stock deal

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