Curated News
By: NewsRamp Editorial Staff
September 28, 2026
TruGolf Advances Polymath Acquisition, Launches RANGE, Sets Reverse Split
TLDR
- TruGolf's Polymath acquisition adds tokenized real-world asset infrastructure, potentially giving TRUG a strategic edge in regulated digital securities.
- TruGolf agreed to acquire Polymath, including its Polymesh Layer-1 blockchain, and will execute a 1-for-10 reverse stock split on Sept. 29, 2026.
- TruGolf aims to make golf more available and affordable through innovations like TruGolf RANGE and tokenized franchise ownership opportunities.
- TruGolf RANGE lets up to five players practice simultaneously on one screen with AI analysis, slow-motion replay, and ball-flight data.
Impact - Why it Matters
This news matters because TruGolf is positioning itself at the intersection of traditional golf technology and the emerging world of tokenized assets. The acquisition of Polymath could open new revenue streams through digital securities and tokenized real-world assets, potentially transforming how golf-related assets are financed and traded. The launch of TruGolf RANGE demonstrates ongoing innovation in indoor golf, which could attract more players and expand the company’s market reach. The reverse stock split, while often a sign of distress, may be intended to increase the stock’s appeal to institutional investors and improve liquidity. Overall, these moves could enhance TruGolf’s competitive edge and create value for shareholders, making it a company to watch in both the golf and fintech sectors.
Summary
TruGolf (NASDAQ: TRUG), a pioneer in indoor golf technology, provided a corporate update on its progress toward acquiring Polymath Research Inc., a developer of institutional-grade infrastructure for regulated digital securities and tokenized real-world assets. The acquisition, initially agreed upon on August 18, includes Polymath’s tokenization platform and its purpose-built Layer-1 blockchain, Polymesh. In a series of strategic moves, TruGolf appointed Chairman Brenner Adams as interim CEO and added Jay Heller to its board of directors. The company also unveiled plans for TruGolf Links and Polymath to collaborate on tokenized equipment leasing and fractional franchise ownership opportunities, with an expected launch in the first quarter of 2027. Additionally, Polymath has formed partnerships with the Tokenized Asset Foundation and High Ridge Trust, further solidifying its position in the digital asset space.
In operational news, TruGolf announced the first installation of TruGolf RANGE in New Albany, Indiana. This innovative system allows up to five players to practice simultaneously on a single screen, featuring advanced analytics such as slow-motion replay, ball-flight data, and integrated artificial intelligence analysis. The company also disclosed a 1-for-10 reverse stock split of its Class A common stock, effective September 29, 2026, with shares trading under a new CUSIP number 243733607. For more details, the full press release is available at https://ibn.fm/LIYHn.
Founded in 1983, TruGolf has been dedicated to driving the golf industry with innovative indoor golf solutions. Its mission is to grow the game by making it more Available, Approachable, and Affordable through technology, embodying the belief that Golf is for Everyone. TruGolf’s team has developed award-winning video games like “Links,” cutting-edge hardware, and the E6 CONNECT e-sports platform to connect golfers worldwide. The latest updates on TRUG can be found in the company’s newsroom at https://ibn.fm/TRUG.
Source Statement
This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, TruGolf Advances Polymath Acquisition, Launches RANGE, Sets Reverse Split
