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TruGolf says it completed the acquisition of Polymath (Polymesh Layer-1) and that Natalie Hirsch will serve as CFO and COO. The company also reports a $2.95 million warrant exercise supporting its cash position.
TruGolf said it closed its acquisition of Polymath Research, bringing Polymesh and tokenization infrastructure into the Nasdaq-listed company. The company also named Natalie Hirsch CFO and COO and said a $2.95 million warrant exercise strengthened cash.
TruGolf completed its Polymath acquisition via an amalgamation, issuing 257,494 Class A shares and 136,956 Series C preferred shares to Polymath holders. The Series C preferred shares are convertible after required approvals.
TruGolf (TRUG) has completed its acquisition of Polymath Research, bringing a blockchain purpose-built for regulated assets to Nasdaq.
TRUG TruGolf completed the acquisition of Polymath Research, bringing a blockchain purpose-built for regulated assets to Nasdaq.
TruGolf said Polymath Research, creator of the Polymesh Layer-1 blockchain, becomes part of Nasdaq-listed TruGolf. The company also named Natalie Hirsch CFO and COO and reported a $2.95 million warrant exercise that strengthens its cash position.