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TruGolf Completes Polymath Acquisition; Issues Class A and Series C Preferred
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TruGolf completed the acquisition of Polymath through an amalgamation, issuing 257,494 Class A shares and 136,956 Series C preferred shares to Polymath holders, with Series C convertible after required approvals. The company also executed related financing steps: swapping legacy Series A warrants for new Series B preferred warrants, securing $2.95 million from warrant exercises with additional warrant coverage, and granting registration rights for resale of conversion…