TruGolf Holdings Inc. (NASDAQ: TRUG) Is ‘One to Watch’

• TruGolf’s pending acquisition of Polymath is intended to combine an established Nasdaq-listed technology company with institutional-grade infrastructure for tokenized real-world assets.
• Polymath reported more than $132 million in tokenized assets issued, more than 65 active issuers, and over 50 ecosystem partners as of December 31, 2025.
• Polymath’s vertically integrated infrastructure spans regulated asset issuance and administration, a purpose-built Layer-1 blockchain, confidential settlement, and protocol staking capabilities.
• Polymath reported $4.2 million in 2025 revenue and more than $1 billion in backlog expected to convert within 12 months, with the latter representing identified opportunities rather than guaranteed future revenue.
• TruGolf operates an established commercial golf technology business that generated $5.0 million in revenue during the first quarter of 2026, providing an existing revenue base alongside the company’s planned expansion into tokenized financial infrastructure.

TruGolf Holdings (NASDAQ: TRUG) is a technology company further cementing its leadership in the technology sector by advancing a strategic expansion into digital asset infrastructure through its pending acquisition of Polymath Research Inc., a developer of enterprise-grade infrastructure for regulated digital securities and tokenized real-world assets. Announced in August 2026, the proposed combination is intended to unite Polymath’s tokenization platform with TruGolf’s established, revenue-generating golf technology business under a single Nasdaq-listed company.

Polymath develops technology supporting the issuance, settlement, and lifecycle management of institutionally compliant tokenized financial instruments. Its vertically integrated infrastructure is designed to support regulated real-world assets across private and institutional markets. Polymath reported $4.2 million in 2025 revenue and has established a…

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NOTE TO INVESTORS: The latest news and updates relating to TRUG are available in the company’s newsroom at https://ibn.fm/TRUG

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