TruGolf Holdings, Inc. (NASDAQ: TRUG) has announced an acquisition agreement with Polymath Research Inc., a Canadian technology firm specializing in regulated digital securities and tokenized financial instruments.
Under the terms of the agreement, TruGolf will acquire Polymath in exchange for shares of TruGolf Class A common stock and non-voting Series C preferred stock.
This acquisition will introduce one of the first regulated blockchains for tokenized securities to the public markets, positioning the combined entity at the forefront of a shift in the issuance, trading, and ownership of financial assets globally.
Polymath will become part of TruGolf, which will continue its listing on Nasdaq, and Polymath's shareholders will receive a combination of TruGolf Class A common stock and non-voting Series C preferred stock.
In conjunction with the acquisition, TruGolf plans to raise $3.0 million in gross proceeds from its existing Series A preferred stockholders at the time of closing.
The transaction is anticipated to be finalized in the third quarter of 2026.
Brenner Adams, TruGolf’s Chairman of the Board, said, “This acquisition marks an exciting new chapter of growth for TruGolf. Our Company will now have exposure to one of the fastest-growing areas of financial infrastructure while the golf simulation business continues to operate with full focus and continuity. We believe tokenization is where capital markets are headed, and Polymath has spent nearly a decade building the compliant infrastructure institutions need to get there."