TruGolf shares surge 33.87% on tokenized financing plans

TruGolf Holdings shares rose 33.87% to 51 cents at the time of publication on Friday. TruGolf Links Franchising and Polymath announced a joint initiative to address capital constraints for prospective franchisees. The companies are developing an equipment leasing plan funded through a tokenized offering on the Polymath platform. The plan targets individuals seeking to open TruGolf Links indoor simulator locations. The companies are also in the early stages of structuring fractional franchise ownership offerings. The offerings would use regulated digital securities to let investors participate in fractional ownership of TruGolf Links franchises. Management expects the financing structures to become operational in the first quarter of 2027 if TruGolf completes its acquisition of Polymath. The acquisition agreement was announced on August 18 and is expected to close by the end of the fourth quarter of 2026.