Firm case
LaChance v. TruGolf Holdings, Inc., et al.
The complaint alleges that defendants misrepresented or failed to disclose that holders of TruGolf's Series A Convertible Preferred Stock were continuously converting into Class A shares at floating and ratcheting conversion prices, causing substantial ongoing dilution, and that TruGolf's April 15, 2026 Form 10-K overstated its outstanding Class A shares by 480,504 shares, or approximately 52%. The complaint alleges that the financing and related misstatements contributed to a decline of more than 98% in the split-adjusted price of TruGolf's Class A common stock.
- Class period
- September 10, 2025 to May 20, 2026
- Reported lead plaintiff deadline
- September 28, 2026
- Claims
- Securities Act Sections 11 and 15; Exchange Act Sections 10(b), 14(a) and 20(a); related shareholder derivative claims
- The firm's role
- Schwartz & Associates, PC is counsel of record for the plaintiff in this action, the first-filed securities class action concerning TruGolf.
