Shares of TruGolf Holdings, Inc. (TRUG) surged 53% on Wednesday morning after the company announced a newly expanded AI Technology licensing agreement with mlSpatial.
TRUG is currently trading at $1.7599, up $0.6099 or 53.0348%, on a volume of 45 million shares, above average volume of 200 thousand, on the Nasdaq. The stock opened its trading at $1.9800 after closing Tuesday at $1.1500. The stock has traded between $1.1100 and $19.9100 in the past 52-week period.
TruGolf Holdings announced it has entered into a definitive agreement with mlSpatial, a AI and machine learning engineering company, to license the AI engine they co-developed to increase 9-axis spin accuracy for TruGolf's acclaimed new APOGEE launch monitor. The agreement gives TruGolf the first right of refusal to purchase 100% of mlSpatial assets.
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