Pomerantz LLP announced on Aug. 25, 2026, that a class action lawsuit had been filed against TruGolf Holdings, Inc. and certain officers and/or directors over alleged securities fraud and other unlawful business practices. The complaint, filed on behalf of investors in TruGolf Class A common stock, alleges that the company failed to disclose the scale and effects of continuous Series A Convertible Preferred Stock conversions, including floating and ratcheting conversion prices that caused ongoing dilution. It also alleges that TruGolf misrepresented its outstanding share count, Nasdaq listing compliance risks, beneficial ownership disclosures and the economic terms of the preferred stock. The complaint claims that TruGolf’s Class A share count more than doubled in less than five months, prompting two reverse stock splits and contributing to a decline of more than 98% in the split-adjusted price of its Class A common stock. Investors who purchased or otherwise acquired TruGolf securities during the Class Period have until Sept. 28, 2026, to ask the court to appoint them as Lead Plaintiff.