TruGolf Holdings, Inc. (TRUG): Unregistered Sales of Equity Securities

TruGolf Holdings (TRUG) and Polymath Research announced TruGolf will acquire privately held Polymath for TruGolf Class A common stock and non-voting Series C preferred stock. Polymath shareholders will receive about 19.9% of TruGolf Class A shares pre-close. TruGolf will also raise $3.0M from Series A holders at closing. Deal approved, expected to close Q3 2026.

Oil prices dropped 2.3% to $92/barrel as U.S. plans to isolate Iran's economy. Asian stocks mostly fell, with South Korea's Kospi down 1.4% after Samsung's $80B share buyback. Investors watch Nvidia's earnings for AI sector health. Alibaba plans $10.2B share sale for AI investments. Shein's $27B Hong Kong IPO set for September. U.S. Treasury debt exceeds $40T.

Eli Lilly (NYSE:LLY) has launched its oral weight-loss and diabetes pill, Foundayo, in UK pharmacies. Approved by the Medicines and Healthcare products Regulatory Agency, it is available via private prescription. The UK is the first European country to authorize the tablet for these uses. Foundayo is prescribed for adults with specific BMI criteria and can be taken at any time of day. It mimics the GLP-1 hormone to reduce hunger and improve blood sugar control. Common side effects include nausea

SoftBank Group's stock fell 5.33% after announcing a ¥1 trillion ($6.3 billion) bond sale to fund OpenAI investments. Total debt surged 57% to ¥25.4 trillion, while EBITDA dropped 43% and free cash flow reached -¥2.16 trillion. The company's current ratio is 0.8x, indicating short-term liquidity concerns. Investors are worried about the company's high debt levels and uncertain returns on AI investments.

Alibaba's shares fell in Hong Kong after announcing a $10B share sale to fund AI spending, following a 75% profit drop. Nvidia may raise AI server prices by 15% for some clients, per Bloomberg. U.S.-Canada trade talks collapsed, leading to new tariffs. U.S. plans major sanctions against Iran, while Ukraine seeks fresh financial aid for its war against Russia. Trump disclosed June portfolio changes, including sales of Meta and purchases of Berkshire Hathaway.

HDFC Bank raised $1.75 billion via senior unsecured bonds in GIFT City, with tranches at 5.159% and 5.401% interest rates. The bonds received strong investor interest, with orders reaching $7 billion. The bank plans to use the funds for overseas lending and general banking activities. HDFC Bank shares have declined 26% year-to-date, lagging the Nifty 50 index, amid post-merger challenges and higher funding costs.