Class Action Lawsuit Filed Against TruGolf Holdings Over Alleged Investor Harm
A class action lawsuit has been filed against TruGolf Holdings, Inc. (NASDAQ: TRUG) and certain officers by Bronstein, Gewirtz & Grossman LLC on behalf of investors who purchased or acquired the company's securities between September 10, 2025, and May 20, 2026. The lawsuit alleges that TruGolf made materially false statements regarding its financial disclosures, including misleading information about preferred share conversions leading to significant dilution for Class A shareholders. The complaint claims the company failed to disclose real-time conversion activity of Series A preferred shares into Class A shares and inaccurately reported outstanding shares by approximately 52%. It also alleges that TruGolf did not adequately inform investors of ongoing risks, including continued dilution and potential Nasdaq listing noncompliance. The firm represents affected shareholders on a contingency basis. Investors have until September 28, 2026, to request appointment as lead plaintiff in the case.
Topics: corporate_governance securities_laws shareholder_rights