Nasdaq-listed TruGolf closed its Polymath acquisition on Oct 8, paying in common and preferred stock priced against a $140M reference value.
Polymath built Polymesh, a layer-1 blockchain for regulated assets, and by the end of 2025 had issued over $132M in tokenized assets for 65+ issuers. Its shareholders got 257,494 Class A shares (19.99% of TruGolf's Class A before closing) plus 136,956 Series C preferred shares. Polymath's interim CEO Natalie Hirsch becomes TruGolf's CFO and COO.
Polymath runs as a subsidiary while TruGolf keeps making golf simulators. Tokenized equipment leasing and fractional franchise ownership are planned for Q1 2027.
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