TruGolf Links Announces New Initiatives with Polymath to Develop Financing Opportunities for Franchisees

New Plans Aim to Bridge the Gap in Capital for Qualified Franchisees to Grow the Franchise Business

TORONTO, Sept. 18, 2026 /PRNewswire/ -- TruGolf Links Franchising, LLC ("TruGolf Links"), owned by TruGolf Holdings, Inc. (Nasdaq: TRUG), the leading provider of golf simulator software and hardware, announced today two new initiatives with Polymath Research Inc. ("Polymath"), a privately held Canadian technology company focused on the issuance, compliance, and lifecycle management of regulated digital securities and other tokenized financial instruments. TruGolf announced on August 18th that it had entered into an agreement to acquire Polymath. The transaction is expected to close by the end of the fourth quarter of 2026, subject to the satisfaction or waiver of customary closing conditions. The acquisition would create one of the first regulated, purpose-built blockchains for tokenized securities in public markets, positioning the combined company at the center of a shift in how the world's financial assets are issued, traded, and owned.

"A chronic issue in franchising is financing," said Dr. Ben Litalien, CFE, Chief Development Officer for TruGolf Links Franchising. "Given Polymath's unique platform and technology, we are working on providing an equipment leasing plan for qualified franchise candidates to access the full suite of products from TruGolf. The funding for this plan will come from a tokenized offering on the Polymath platform. This will create a critical bridge for franchisee candidates as they plan for opening a TruGolf Links franchise. We are also in the beginning stages of a plan that will support qualified candidates in developing an offering on the Polymath platform that will provide investors the opportunity to participate in fractional franchise ownership of a TruGolf Links franchise. While this has been done through traditional methods, it is exciting to bring that process forward into the tokenized marketplace."

Matt Andelman, Head of Business Development at Polymath, is excited about these two initiatives and believes these initiatives have the potential to support the continued development of TruGolf Links. "This is an amazing development for TruGolf Links to proactively provide support to its qualified franchise candidates, bridging the financial gap of ownership and market development," he said. "Our platform and expertise bring the financial marketplace within reach to a franchisee, especially those who want to be Regional Developers and build out a market with TruGolf Links."

These initiatives highlight the strong synergies between TruGolf and Polymath. The teams expect to have these initiatives in place by the first quarter of next year, assuming the completion of the Polymath acquisition.

About TruGolf
Since 1983, TruGolf has been passionate about driving the golf industry forward with innovative indoor golf solutions. TruGolf builds products that capture the spirit of golf. TruGolf's mission is to help grow the game by making it more available, approachable, and affordable through technology, because TruGolf believes that golf is for everyone. TruGolf's team has built award-winning video games, innovative hardware solutions, and an all-new e-sports platform, E6 CONNECT, to connect golfers around the world. Since TruGolf's beginning, TruGolf has continued to attempt to define and redefine what is possible with golf technology. For more information, visit www.trugolf.com.

About TruGolf Links Franchising
TruGolf Links offers both individual franchise and regional developer opportunities. Regional Developers acquire exclusive territories, open a flagship location, and develop additional units either through ownership or franchising. This model allows strong local operators to scale entire markets while providing localized support to franchisees. For more information about TruGolf Links or franchise opportunities, visit https://franchise.trugolflinks.com/ or contact Andrew Johnson, Vice President of Franchising, (480) 205-2947, andrewj@trugolflinks.com.

About Polymath
Polymath is a privately held Canadian technology company that develops enterprise-grade capital markets infrastructure for the issuance, compliance, and lifecycle management of regulated digital securities and other tokenized financial instruments for private and institutional markets. Polymath enables issuers, investors, and market participants to create and manage tokenized representations of real-world assets within compliant frameworks, supporting investor onboarding, regulatory controls, and post-issuance administration across private and institutional markets. With a strong history of building blockchain-based capital markets infrastructure, Polymath's technology is designed to support scalable, compliant deployment of tokenized securities across a variety of asset classes, including real-world assets, private equity, and structured financial products. Polymath's solutions are purpose-built for institutional adoption and evolving regulatory environments. Learn more at https://www.polymath.network/

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, including Section 27A of the 1933 Act, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, as well as forward-looking information within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and include statements regarding beliefs, plans, expectations, intentions, estimates, projections, or assumptions regarding future events or performance.

Forward-looking statements in this press release include, but are not limited to, statements regarding TruGolf Links and Polymath's plans to develop financing opportunities for qualified TruGolf Links franchise candidates; the development, structure, implementation and availability of an equipment leasing program; the potential funding of such program through a tokenized securities offering utilizing the Polymath platform; the development of potential offerings that would provide investors with opportunities to participate in fractional ownership of TruGolf Links franchises; the anticipated timing for the development and implementation of these initiatives; the potential benefits of these initiatives to TruGolf Links, its franchise candidates and franchise development activities; and the completion of TruGolf's proposed acquisition of Polymath.

Forward-looking statements are generally identified by words such as "anticipates," "believes," "expects," "intends," "plans," "projects," "estimates," "may," "will," "would," "could," "should," and similar expressions or the negative thereof. These statements are based on current expectations, assumptions, and estimates of management as of the date of this press release and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or developments to differ materially from those expressed or implied by such forward-looking statements.

Factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include, among others, the ability of TruGolf Links and Polymath to successfully develop, structure and implement the proposed initiatives; the availability of financing and investor participation; the ability to structure and conduct any proposed tokenized securities offering in compliance with applicable securities and other laws; changes in applicable laws and regulations; market acceptance of the proposed initiatives; the ability to achieve the anticipated benefits of the initiatives; the failure to complete TruGolf's proposed acquisition of Polymath on the anticipated terms or at all; general economic and business conditions; and other risks and uncertainties described from time to time in TruGolf's filings with the Securities and Exchange Commission.

Although management believes that the assumptions and expectations reflected in the forward-looking statements are reasonable as of the date hereof, no assurance can be given that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and TruGolf undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.

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SOURCE Polymath Research Inc.