# Firm case: securities class action filed over TruGolf share dilution

Attorney advertising. Brief by Lou Schwartz, Schwartz & Associates, PC, Atlanta, Georgia. Published 2026-09-09; updated 2026-09-29. Responsible attorney: Lou Schwartz. Canonical: https://www.snalawyers.com/insights/trugolf-class-action-filed

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.

## Sources

1. [Firm notice, September 9, 2026](https://lifestyle.middletownlifemagazine.com/story/679319/schwartz-associates-reminds-trugolf-nasdaq-trug-investors-of-sept-28-lead-plaintiff-deadline/)
2. [TruGolf filings on EDGAR](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001857086)

To ask the firm about this, use the intake assistant at https://www.snalawyers.com/insights/trugolf-class-action-filed#ask. General information, not legal advice.