Meridian Holdings Inc./NV (MRDN): M&A transaction — Golden Matrix completes acquisition of remaining 20% of RKingsCompetitions for $661,773 in stock

Meridian Holdings Inc./NV

Acquired 20% of RKings from sellers Mark Weir and Paul Hardman for 165,444 shares of restricted common stock valued at $8.00/share.
With closing on Nov. 30, 2022, Golden Matrix now owns 100% of RKingsCompetitions Ltd.
Shareholders Agreement between the parties was automatically terminated upon closing; no early termination penalties incurred.
No financial statements or pro forma financial information were required to be filed for the acquisition.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Meridian Holdings Inc./NV completed an acquisition involving Mark Weir and Paul Hardman for USD $661,773 (closed 2022-11-30).

Action: acquisition
Counterparty: Mark Weir and Paul Hardman
Consideration: USD $661,773
Closing: 2022-11-30

Exact text from the filing

On November 30, 2022, the Company completed the purchase of 10% of RKings from each Seller (20% in aggregate) in consideration for USD $661,773, which was paid by way of the issuance of 82,722 shares of restricted common stock of the Company to each Seller (with such shares being valued at $8.00 per share pursuant to the terms of the Shareholders Agreement).

View on SEC.gov

5 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Meridian Holdings Inc./NV filing history →

Source: SEC EDGAR

accession 0001477932-22-009075

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.