TruGolf (NASDAQ:TRUG) stock is up on Friday after the golf simulation company completed its special purpose acquisition company (SPAC) merger with Deep Medicine Acquisition.
That SPAC merger closed in late January and only saw the company switch Deep Medicine Acquisition’s shares over to the TRUG stock ticker on Thursday. That also resulted in the combined company adopting the TruGolf name.
TruGolf cofounder and CEO Chris Jones said the following about the company going public:
“Today marks a significant milestone as we embark on our journey as a publicly traded company. This is not just a financial achievement, as this will serve as a vehicle to accelerate our growth and a testament to the commitment and expertise of our board, management team and passionate employees.”
TRUG Stock Movement Today
Considering how new shares of TRUG stock are to the public market, it makes sense that they are getting some extra attention on Friday. That has more than 2.6 million shares of the stock changing hands as of this writing. For the record, some 778,000 shares were traded during its first day on public markets.
TRUG stock is up 34.6% as of Friday morning. Traders will keep in mind that the stock fell 55.1% during normal trading hours on Thursday.
There are even more stock market stories that traders will want to read about below!
We have all of the hottest stock market news ready to go on Friday! Among that is what has shares of Biofrontera (NASDAQ:BFRI) stock moving, the biggest pre-market stock movers this morning and more. You can read up on all of this news at the following links!
More Stock Market News for Friday
- Why Is Biofrontera (BFRI) Stock Down Today?
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Friday
- CVX Stock: Chevron Earnings Highlight Bad News for Oil Prices
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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
