Trugolf Holdings, Inc. · NASDAQ:TRUG
Trugolf — Merger or Acquisition (August 2026)
22 slides from Trugolf's merger presentation, August 2026
Slide 1: Bringing tokenization to the public markets
+ Bringing tokenization to the public markets TruGolf Holdings, Inc. (NASDAQ: TRUG) has agreed to acquire Polymath Research Inc., uniting an established Nasdaq golf-technology company with institutional-grade infrastructure for tokenized real-world assets. NASDAQ: TRUG Announced August 2026 Investor
Slide 2: Disclaimers & forward-looking statements
IMPORTANT INFORMATION Disclaimers & forward-looking statements No offer or solicitation Forward-looking statements This presentation does not constitute or form part of and should not be construed as, an offer to sell or Certain statements contained in this presentation, other than statements of fac
Slide 3: The transaction at a glance
THE TRANSACTION The transaction at a glance ACQUIRER TruGolf Holdings, Inc. — NASDAQ: TRUG (Nevada) STRUCTURE TARGET Polymath Research Inc. — blockchain infrastructure (Canada) TruGolf Holdings, Inc. NASDAQ: TRUG · surviving public company STRUCT URE Business combination via a Canadian (CBCA) amalga
Slide 4: A cleaner capital structure at close
THE TRANSACTION · CAPITAL STRUCTURE A cleaner capital structure at close The transaction is designed to reduce structural overhang, moving from variable, reset -priced preferred toward a defined structure, and funding the combined company at closing. TO D A Y A T C L O SE PO ST - C LO S E Legacy, va
Slide 5: Why this combination, and why now
W HY NO W Why this combination, and why now “We believe tokenization is where capital markets are headed, and Polymath has spent nearly a decade building the compliant infrastructure institutions need to get there.” — Brenner Adams, Chairman of the Board, TruGolf Holdings 01 02 03 A structural shift
Slide 6: TruGolf: a golf-technology company since 1982
TRUGOLF TruGolf: a golf-technology company since 1982 A pioneer of indoor golf simulation and one of the most recognized brands in golf technology, from the Links E6 CONNECT E6 APEX franchise that helped define golf gaming to today's E6 Flagship simulation & esports software New visual engine: strea
Slide 7: Golf is booming and moving off-course
TRUGOLF · MARKET Golf is booming and moving off-course U.S. golf participants (millions) 47.2M total U.S. participants in 2024, up from 30.1M a decade ago 47.2 34.2 30.1 +93% growth in off-course-only golfers, 2019–2024 $23.3B 2014 2019 2024 U.S. driving-range market in 2024 Source: National Golf Fo
Slide 8: Polymath: infrastructure for tokenized assets
POLYMATH Polymath: infrastructure for tokenized assets ON E V E RT I C A LL Y I N T E GR AT E D S T AC K Founded in 2017, Polymath builds the institutional-grade infrastructure that lets regulated real-world assets be issued, Polymath Capital Platform — issue & administer 1 Issuance regulated assets
Slide 9: Real adoption, already on-chain
POLYMATH · TRACTION Real adoption, already on-chain $132M+ 65+ >$1B+ tokenized assets issued to date active issuers on the platform backlog expected to convert within 12 months 50+ ~19.5% Live ecosystem partners treasury staking yield (POLYX) Confidential Assets on Polymesh mainnet Operating metrics
Slide 10: $2.1B potential opportunities across real-world assets
POLYMATH · P O T E N T I A L O P P OR T U NI T I E S $2.1B potential opportunities across real-world assets Approximately $2.1B of securitized-asset opportunities span commercial real estate, energy, mining, entertainment, technology, private companies and financial institutions — broad demand for P
Slide 11: An established, global ecosystem
POLYMATH · ECOSYSTEM & REACH An established, global ecosystem Partners across the full tokenization lifecycle on Polymesh and regulated projects spanning roughly a dozen markets in the Americas, EMEA and Asia-Pacific. P OL Y M ES H EC O SY S T E M P A RT NE R S — IS S U A NC E · C U S T OD Y · I DE
Slide 12: Tokenization: a capital-markets upgrade
THE MARKET Tokenization: a capital-markets upgrade Tokenization brings programmable compliance, near-instant settlement and 24/7 markets to assets that still settle on Estimated tokenized real-world assets (USD trillion) decades-old infrastructure. The largest near-term categories are real-world ass
Slide 13: Why Polymath stands apart
DIFFERENTIAT ION Why Polymath stands apart Many companies now tokenize financial assets. Polymath is built differently and aims at a broader, harder-to-replicate opportunity. 1 2 3 4 5 Owns the rails Regulatory-first Confidential by Real-world / hard Live & global design assets The core is a purpose
Slide 14: The infrastructure the ecosystem builds on
POLYMATH · POSITIONING The infrastructure the ecosystem builds on Polymath isn't one more tokenization app competing for a single use case — it's the compliant base layer the category needs. Complementary to issuers, venues and other platforms, not competing with them. T H E R WA S TA C K Picks-and-
Slide 15: One public company, two engines of growth
THE CO M BI NED CO MPANY One public company, two engines of growth TruGolf + Established, revenue-generating platform Consumer technology Institutional-grade RWA infrastructure meets Large, data-rich consumer footprint institutional finance Recurring, high-margin economics A Nasdaq platform position
Slide 16: Where the two companies compound each other
SYNERGIES Where the two companies compound each other 1 Real-world assets, on-chain 2 Data & technology Polymath's infrastructure can bring hard assets into compliant tokenized form — TruGolf's player data, AI (watsonx.ai) and product engineering strengthen the real estate, infrastructure, and TruGo
Slide 17: What a tokenized golf course could look like
SYNERGIES · I L L U S T R A T I V E CO N C E P T What a tokenized golf course could look like Combine TruGolf's real-world golf assets with Polymath's compliant tokenization rails, and a premium course becomes an investable, on-chain real-world asset. Fractional digital equity Accredited investors o
Slide 18: Diversified today, a clear path to growth
REVENUE Diversified today, a clear path to growth A S T E P - C H A N GE I N R E V E N U E D I V E R S I F IE D , R E C U R R I N G R E V E N U E TruGolf $4.2M → Parity Hardware & simulators Issuance & platform fees Polymath target: revenue parity with the 2025 revenue TruGolf business E6 software s
Slide 19: Why the public markets and why it matters
FOR SHAREHOLDERS Why the public markets and why it matters 1 2 3 Scarce exposure Capital & coverage Credibility A rare public-market way to invest in the Access to institutional capital, analyst coverage The transparency and reporting standards of a infrastructure of tokenized real-world assets. and
Slide 20: Leadership & board of the combined company
LEADERSHIP Leadership & board of the combined company Effective at closing — experienced across financial infrastructure, blockchain and golf technology. DH CJ NH SP BA David Hackett Chris Jones Natalie Hirsch Steven Passey Brenner Adams Chairman CEO & Director CFO & COO CFO, TruGolf division Direct
Slide 21: Investment highlights
SUMMARY Investment highlights Two real businesses Owns the rails ✓ ✓ An established Nasdaq golf-technology company and an institutional Vertically integrated on a purpose-built Layer-1 and not an app on someone tokenization platform: both generating revenue today. else's chain. Real-world assets Cle
Slide 22: One public company. Two engines of growth. Three worlds converging.
+ One public company. Two engines of growth. Three worlds converging. Uniting an established Nasdaq golf-technology company with institutional-grade infrastructure for tokenized real-world assets. NASDAQ: TRUG Investor Relations · TruGolf Holdings, Inc. For additional information, refer to TruGolf's
TruGolf Holdings — Merger or Acquisition (August 2026) on 6ix