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Class action lawsuit filed against TruGolf over alleged securities fraud and share dilution issues.

Market News
06 Aug 2026
PRNewsWire
View Source
Bearish
pluang ai news

A class action lawsuit has been filed against TruGolf Holdings, alleging securities fraud related to misleading statements about its capital structure and share dilution. The complaint claims TruGolf misrepresented the conversion of Series A preferred shares into Class A shares, causing significant dilution and overstating outstanding shares. This allegedly led to a drastic drop in TruGolf's stock price and forced reverse stock splits. Investors have until September 28, 2026, to join the lawsuit or seek lead plaintiff status.

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