Golden Matrix to acquire Meridian sports betting/gaming for $298.5M

Meridian Holdings Inc./NV

Purchase of 100% of Meridian Companies for $298.5M total: $50M cash, 56.999M shares ($3.50/sh), $10M note, plus additional shares.
Meridian operates licensed online betting/gaming in 15+ jurisdictions across Europe, Africa, and South America.
Deal structured in two phases: Phase 1 closing by June 30, 2023; Phase 2 by Oct 31, 2023.
Sellers to receive Series C Voting Preferred Stock with 7,500 votes/share and right to appoint two board members.
Closing subject to shareholder approval, financing, HSR compliance, and continued Nasdaq listing.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

Meridian Holdings Inc./NV entered into Purchase Agreement with Aleksandar Milovanovic, Zoran Milosevic and Snezana Bozovic valued at aggregate value of the transaction is $298,500,000 (effective 2023-01-11).

Action: entry
Agreement: asset purchase
Counterparty: Aleksandar Milovanovic, Zoran Milosevic and Snezana Bozovic
Value: aggregate value of the transaction is $298,500,000
Effective: 2023-01-11

Exact text from the filing

On January 11, 2023, Golden Matrix Group, Inc. (the “ Company ”, “ Golden Matrix ”, “ we ” and “ us ”), entered into a Sale and Purchase Agreement of Share Capital (the “ Purchase Agreement ”) with Aleksandar Milovanovic, Zoran Milosevic (“ Milosevic ”) and Snezana Bozovic (collectively, the “ Sellers ”), the owners of Meridian Tech Društvo Sa Ograničenom Odgovornošću Beograd

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Meridian Holdings Inc./NV filing history →

Source: SEC EDGAR

accession 0001477932-23-000207

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