Exhibit 107
Calculation of Filing Fee Tables
Form S-4
(Form Type)
DEEP MEDICINE ACQUISITION CORP.
(Exact Name of Registrant as Specified in its Charter)
Table 1: Newly Registered Securities
CALCULATION OF REGISTRATION FEE
Security Type | Security Class Title | Fee Calculation or Carry Forward Rule | Amount Registered | Proposed Maximum Offering Price Per Security | Maximum Aggregate Offering Price (3) | Fee Rate | Amount of Registration Fee | |||||||||||||||||||
Equity | Shares of Class A common stock, $0.0001 par value(1) | Other | 12,500,000 | $ | 0.0033333 | (2) | $ | 41,666.25 | 0.00011020 | $ | 4.59 | |||||||||||||||
Total | 12,500,000 | $ | 41,666.25 | $ | 4.59 | |||||||||||||||||||||
Total Fees Previously Paid | $ | 55.53 | ||||||||||||||||||||||||
Net Fee Due | $ | 0 |
(1) | Based on the maximum number of shares of Class A common stock, $0.0001 par value per share (“Class A Common Stock”), of the registrant, Deep Medicine Acquisition Corp. (“Deep Medicine”), issuable in connection with the business combination (the “Business Combination”) to be effected pursuant to a merger agreement among the registrant, TruGolf, Inc., a Nevada corporation (“TruGolf”), and certain other parties. This number is based on (i) up to 2,091,747 shares of Class A Common Stock issuable as consideration in connection with the Business Combination to holders of Class A common stock of TruGolf, (ii) up to 5,908,253 shares of Class A Common Stock issuable upon conversion of shares of Class B common stock of the registrant to be issued in connection with the Business Combination to holders of Class B common stock of TruGolf and (iii) up to 4,500,000 shares of Class A Common Stock issuable upon achievement of certain milestones. | |
(2) | Estimated solely for purposes of calculating the registration fee in accordance with Rule 457(f)(2) of the Securities Act of 1933, as amended. TruGolf is a private company, no market exists for its securities, and TruGolf has an accumulated deficit. Therefore, the proposed maximum aggregate offering price of TruGolf shares is one-third of the aggregate par value of the TruGolf shares expected to be exchanged in the Business Combination. | |
(3) | Estimated solely for purposes of calculating the registration fee in accordance with Rule 457(o). |