TruGolf Acquires Polymath for Digital Securities Growth
News related to:TruGolf Holdings, Inc. (UNKNOWN) · 2 min read
SALT LAKE CITY, Utah, Sept. 28, 2026 /CourierPR/ -- TruGolf Holdings, Inc., a Nasdaq-listed company, has announced significant corporate developments as it continues to advance its acquisition of Polymath Research Inc. The acquisition of Polymath, a developer of institutional-grade infrastructure for regulated digital securities and tokenized real-world assets, has been a pivotal moment for TruGolf. The company has made notable strides in leadership and board appointments, announced a joint initiative for TruGolf Links franchisees, and established partnerships with High Ridge Trust and the Tokenized Asset Foundation.
On August 18, TruGolf entered into an agreement to acquire Polymath, bringing its tokenization platform and its purpose-built Layer-1 blockchain, Polymesh, to a Nasdaq-listed company. This acquisition has positioned TruGolf as a leader in the digital securities and tokenized real-world assets space, further solidifying its commitment to innovation and growth.
In September, TruGolf strengthened its leadership and board by appointing Brenner Adams as Interim Chief Executive Officer, replacing founder Chris Jones. Additionally, Jay Heller, the former Vice President and Head of Capital Markets and IPO Execution at Nasdaq, joined the Board of Directors, bringing valuable institutional knowledge to TruGolf.
TruGolf has also announced plans to develop an equipment leasing program funded through tokenized securities and fractional franchise ownership opportunities for qualified franchisees. This initiative, announced on September 18, aims to provide franchisees with more flexible and accessible financing options, further expanding TruGolf's reach and impact.
Polymath has continued to build institutional partnerships, joining the STO Foundation as Founding Partners on October 1, transforming into the Tokenized Asset Foundation. This partnership underscores Polymath's commitment to advancing institutional infrastructure for tokenized securities, aligning with TruGolf's mission to support and grow the digital securities market.
On September 11, Polymath partnered with High Ridge Trust, a regulated U.S. trust company specializing in institutional digital assets. This collaboration marks a significant step forward in Polymath's efforts to provide robust and compliant solutions for institutional clients, enhancing TruGolf's ability to serve its diverse customer base.
TruGolf's innovative TruGolf RANGE, a revolutionary new product designed to provide a true interactive and social golf experience, made its debut at its first location in New Albany, Indiana. Installed on September 24, the TruGolf RANGE allows up to five players to practice simultaneously on a single cinematic screen, offering advanced analytics such as Slow Motion Replay of Club and Ball Interaction, Ball Flight Data, and integrated AI Analysis of swing tendencies. This product exemplifies TruGolf's commitment to delivering cutting-edge technology to golfers, enhancing their experience and improving their skills.
In September, TruGolf also announced a reverse stock split of its Class A common stock, effective September 29, 2026. The reverse split, which will result in the new CUSIP number 243733607, aims to improve the liquidity and marketability of TruGolf's stock, aligning with the company's strategy to maintain a competitive and attractive share structure.
TruGolf's recent developments underscore the company's commitment to growth and innovation, positioning it as a leader in the digital securities and golf technology sectors. As TruGolf continues to advance its acquisition of Polymath, the company remains focused on completing the transaction and building a digitization company with complementary lines of business.