#USA #New York #Class Action #Investor Rights #TruGolf Holdings

Class Action Lawsuit Against TruGolf Holdings, Inc.

On September 10, 2026, Bronstein, Gewirtz & Grossman, LLC, a prominent law firm dedicated to protecting investor rights, announced that it had filed a class action lawsuit against TruGolf Holdings, Inc., publicly traded under the NASDAQ symbol TRUG. This legal action seeks justice for investors who purchased shares of TruGolf between September 10, 2025, and May 20, 2026, a timeframe referred to as the "Class Period."

Allegations of Misconduct

The lawsuit alleges several serious violations of federal securities laws. It claims that during the Class Period, TruGolf and certain of its executives made misleading statements and failed to disclose critical information regarding the company’s financial status and share dilutions. Some of the key allegations include:

1. Share Conversion Issues: Series A preferred investors allegedly converted their preferred shares into a significantly higher number of Class A shares at varying conversion rates. This ultimately resulted in an ongoing dilution of existing shares.

2. Knowledge of Dilution: The company was reportedly aware of the conversion activities and the resulting dilution but did not disclose this information to shareholders.

3. Inaccurate Financial Reporting: TruGolf is accused of providing materially inaccurate numbers regarding Class A shares. Specifically, the company allegedly overstated its outstanding shares by a staggering 52% in its April 15, 2026, Form 10-K filing.

4. Disclosure Failures: TruGolf purportedly failed to adequately inform investors about the potential consequences of further Class A share issuances, as well as the risks associated with ongoing dilution and noncompliance with NASDAQ listing requirements.

5. Lack of Transparency: Certain investors, who held a reported beneficial ownership exceeding 5%, were excluded from TruGolf’s disclosures, which raises further questions about the company's transparency.

6. Economic Terms of Stock: The lawsuit also claims that TruGolf did not fully disclose the economic implications of its Series A Preferred Stock, leaving investors without crucial information needed to make informed decisions.

What to Expect for Investors

In light of the filed lawsuit, investors who feel they have been adversely affected are encouraged to participate in the case. Interested parties can obtain a copy of the complaint by visiting the law firm’s website at bgandg.com/cases/trugolf-holdings-inc-trug-class_action_lawsuit or by contacting the firm directly.

The window for investors to request appointment as lead plaintiff is open until September 28, 2026. It is important to note that participating in the lawsuit does not require an individual to take on the lead plaintiff role, maintaining their eligibility to recover damages if the lawsuit is successful.

Fee Structure

Bronstein, Gewirtz & Grossman, LLC operates on a contingency fee basis, meaning that legal fees and expenses are only charged when the lawsuit is successful. This approach minimizes the financial risk for investors who choose to pursue the case.

Why Choose Bronstein, Gewirtz & Grossman, LLC?

The firm has a reputable history of recovering millions for investors involved in securities fraud class actions and shareholder derivative suits. According to Peretz Bronstein, the founding partner of the firm, their focus is on restoring investor capital and ensuring corporate accountability, which is vital to maintaining the integrity of the financial marketplace.

For ongoing updates and further information, investors can follow Bronstein, Gewirtz & Grossman, LLC on various social media platforms.

Contact Information

For additional inquiries, investors may contact Peretz Bronstein or Nathan Miller at Bronstein, Gewirtz & Grossman, LLC by calling 917-590-0911 or emailing [email protected]. It is essential for affected investors to stay informed and take appropriate actions to protect their rights and recovery possibilities.