The filing confirms a stable passive stake at the blocker cap. No immediate catalyst; monitor for any future conversion of the blocker or a shift to Schedule 13D, which would signal activist intent.
Price Chart
Executive Summary
ATW Partners Opportunities Management, LLC and affiliated entities filed an amended Schedule 13G disclosing beneficial ownership of 137,625 shares of TruGolf Holdings, Inc. (9.9% of Class A Common Stock), acquired through conversion of Series A and Series B Preferred Stock and warrants. The stake is capped at 9.99% by a blocker provision, and the filing reaffirms passive intent under Rule 13d-1(c).
Key Financial Metrics
Key Facts
- Filing date: October 15, 2026, covering ownership as of October 8, 2026.
- Reporting persons include Sandtrap Opportunities LLC, ATW Opportunities Master Fund II, LP, Sandtrap Opportunities II LLC, ATW Master Fund V LP, ATW Partners Opportunities Management, LLC, Kerry Propper, and Antonio Ruiz-Gimenez.
- Aggregate beneficial ownership: 137,625 shares of Class A Common Stock, representing 9.9% of shares outstanding.
- Ownership derived from Series A Preferred Stock, Series B Preferred Stock, and warrants to purchase Series B Preferred Stock, subject to a 9.99% blocker.
- Shares outstanding used for percentage calculation: approximately 1,240,000 as of September 29, 2026, per the issuer's Form 8-K.
- Filing is an amendment to a prior Schedule 13G; no change in stake size or percentage is indicated from the prior filing.
Financial Impact
No material financial impact; stake remains at 9.9% with no change in ownership level.
Risk Factors
- Potential for future dilution if the blocker is removed or waived, allowing conversion of preferred stock and warrants into additional common shares.
- If the reporting persons convert to an activist stance (Schedule 13D), it could signal a change in control strategy.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G/A Filing (Primary) | 0001947975-26-000023 |
| Document: 0001947975-26-000023-index-headers.html | 0001947975-26-000023 |
| Document: 0001947975-26-000023-index.html | 0001947975-26-000023 |
| Document: 0001947975-26-000023.txt | 0001947975-26-000023 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $0.8801 $0.8751 | ▼ −0.57% | ▼ −0.05% | $0.7893 (−10.32%) |
Oct 20, 2026 6d ago | 3 | $0.9688 $0.8801 | ▼ −9.16% | ▼ −7.97% | $0.7893 (−18.53%) |
Oct 15, 2026 11d ago | SC 13G/A | $1.12 $1.11 | ▼ −0.89% | ▼ −1.32% | $0.7893 (−29.53%) |
Oct 9, 2026 18d ago | 8-K | $1.89 $1.88 | ▲ +0.53% | ▲ +0.47% | $0.7893 (+58.24%) |
Sep 29, 2026 27d ago | 8-K | $2.97 $2.94 | ▼ −1.01% | ▼ −1.19% | $0.7893 (−73.42%) |
Sep 24, 2026 4w ago | 8-K | $4.06 $2.84 | ▼ −30.05% | ▼ −30.59% | $0.7893 (−80.56%) |
Sep 23, 2026 4w ago | Press Release | $0.4057 $0.2843 | ▼ −29.92% | ▼ −30.47% | $0.7893 (+94.55%) |
Aug 18, 2026 10w ago | 8-K | $1.09 $0.9600 | ▲ +11.93% | ▲ +12.14% | $0.7893 (+27.59%) |
Aug 18, 2026 10w ago | Press Release | $1.09 $0.9600 | ▼ −11.93% | ▼ −12.14% | $0.7893 (−27.59%) |
May 22, 2026 22w ago | 3 | $1.51 $1.53 | ▲ +1.32% | ▲ +1.37% | $0.7893 (−47.73%) |
US Market Status
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