• TruGolf’s pending acquisition of Polymath is intended to combine an established Nasdaq-listed technology company with institutional-grade infrastructure for tokenized real-world assets.
  • Polymath reported more than $132 million in tokenized assets issued, more than 65 active issuers, and over 50 ecosystem partners as of December 31, 2025.
  • Polymath’s vertically integrated infrastructure spans regulated asset issuance and administration, a purpose-built Layer-1 blockchain, confidential settlement, and protocol staking capabilities.
  • Polymath reported $4.2 million in 2025 revenue and more than $1 billion in backlog expected to convert within 12 months, with the latter representing identified opportunities rather than guaranteed future revenue.
  • TruGolf operates an established commercial golf technology business that generated $5.0 million in revenue during the first quarter of 2026, providing an existing revenue base alongside the company’s planned expansion into tokenized financial infrastructure.

Polymath develops technology supporting the issuance, settlement, and lifecycle management of institutionally compliant tokenized financial instruments. Its vertically integrated infrastructure is designed to support regulated real-world assets across private and institutional markets. Polymath reported $4.2 million in 2025 revenue and has established a…

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Forward Looking Statements

Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law