Attorney advertisingBriefSecurities & Shareholder
Firm case: securities class action filed over TruGolf share dilution
Responsible attorney: Lou Schwartz, Schwartz & Associates, PC, Atlanta, Georgia. intake@snalawyers.com
Schwartz & Associates, PC is counsel of record in the first-filed securities class action concerning TruGolf Holdings, Inc. (NASDAQ: TRUG), LaChance v. TruGolf Holdings, Inc., No. 1:26-cv-00119-JNP-CMR (D. Utah), filed July 24, 2026. 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, ratcheting conversion prices, causing substantial ongoing dilution, and that the April 2026 annual report overstated outstanding Class A shares by about 52 percent. Allegations in a complaint are not findings.
Why it matters. The reported lead plaintiff deadline is September 28, 2026, and it applies only to an investor who wants to ask the court to lead the case; class members do not need to act by that date to remain in the class.
Update, Sept. 29, 2026: The reported lead plaintiff deadline passed on Sept. 28, 2026. Class members do not need to take any action to remain in the class.
Allegations in a complaint are not findings.
Sources
Briefs summarize public developments. Unless stated otherwise, the firm is not counsel in the matters described, and allegations are not findings.
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