Shares of TruGolf Holdings Inc. TRUG are trading lower Wednesday after the business revealed a 1-for-50 reverse stock split set to work on June 23, 2025.
What To Know: The reverse stock split will combine every fifty shares of TruGolf’s Class A typical stock into one share. The business’s impressive share count will fall from roughly 40.5 million to around 0.8 million. The variety of authorized shares, nevertheless, stays the same at 650 million.
Reverse divides can be seen adversely by financiers, specifically when utilized to assist a stock stay certified with minimum cost requirements for Nasdaq listing.
Is TRUG A Great Stock To Purchase?
TruGolf Holdings TRUG does not pay a dividend, however undoubtedly has a couple of methods it can return worth to investors. Do not hesitate to browse Benzinga’s dividend calendar for the next business that is because of pay a dividend and identify what sort of yield you can make for holding a share of the business.
For instance, if you’re seeking to make an annualized return of 20.65%, you’ll require to purchase a share of North American Finl 15 by the Jun. 30, 2025. When done, you can anticipate to get a small payment of $0.11 on Jul. 10, 2025.
Buyback programs are undoubtedly various and extremely variable. A business can authorize a buyback program and purchase shares as it chooses throughout time in which the buyback was licensed. Checking out the most recent news on TruGolf Holdings will frequently yield whether the business has actually authorized a buyback program just recently. Buyback programs typically function as an assistance for share costs, functioning as a backstop for need.
TRUG Cost Action: TrueGolf Shares were down 21.9% at 13 cents at the time of composing, according to Benzinga Pro.
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