TruGolf And Deep Medicine Acquisition Corp Announced SEC Declared Form S-4 Effective
Portfolio Pulse from Benzinga Newsdesk
TruGolf and Deep Medicine Acquisition Corp (DMAQ) have announced that the SEC has declared their Form S-4 effective. The business combination values TruGolf at an $80 million equity value and is expected to close by the end of January 2024, pending shareholder approvals and other closing conditions.
January 12, 2024 | 9:13 pm
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Deep Medicine Acquisition Corp's Form S-4 has been declared effective by the SEC, moving forward the merger with TruGolf, valued at $80 million. The deal is anticipated to close by January 2024, subject to necessary approvals.
The SEC's approval of Form S-4 is a significant regulatory milestone for DMAQ, indicating progress in the merger process with TruGolf. This news is likely to be viewed positively by investors as it removes a layer of uncertainty and paves the way for the completion of the merger. The valuation of TruGolf at $80 million provides a tangible figure for investors to consider, potentially increasing interest in DMAQ as the merger date approaches.
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