---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-004933"
form_type: "8-K"
ticker: "MRDN"
cik: "0001437925"
company_name: "Meridian Holdings Inc./NV"
filed_at: "2023-06-30T23:59:59+00:00"
generated_at: "2026-06-13T13:51:22.218832+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Golden Matrix amends MeridianBet deal: cash at close cut to $30M, shares to 82.1M, closing extended to Dec 2023

## Summary
- Cash at closing reduced from $50M to $30M; $20M in non-contingent post-closing cash due in 12-18 months.
- Shares to sellers increased to 82,141,857 at $3.00/share (from 57M at $3.50), plus up to 5M contingent shares.
- Post-closing contingent consideration: 5M shares (was 4.3M) and $5M cash (was $10M), tied to 6-month performance.
- Promissory notes to sellers increased to $15M (from $10M), now due in 24 months instead of 9; default interest lowered to 12%.
- Required closing date extended from June 30, 2023 to December 31, 2023; financing commitment deadline moved to Aug 31, 2023.

## SEC filing metadata
- accession: 0001477932-23-004933
- form_type: 8-K
- ticker: MRDN
- cik: 0001437925
- company_name: Meridian Holdings Inc./NV
- filed_at: 2023-06-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437925/000147793223004933/0001477932-23-004933-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437925/000147793223004933/gmgi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-004933
- JSON: https://secwatch.observer/filing/0001477932-23-004933.json
- Plain text: https://secwatch.observer/filing/0001477932-23-004933.txt

## Key facts
- Material Agreements
  Meridian Holdings Inc./NV amended Amended and Restated Sale and Purchase Agreement of Share Capital with Aleksandar Milovanovic, Zoran Milosevic, Snezana Bozovic valued at $30 million closing cash payment, 82,141,857 closing shares, contingent post-closing equity of 5,000 (effective 2023-06-28).
  - Action: amendment
  - Agreement: merger
  - Counterparty: Aleksandar Milovanovic, Zoran Milosevic, Snezana Bozovic
  - Value: $30 million closing cash payment, 82,141,857 closing shares, contingent post-closing equity of 5,000
  - Effective: 2023-06-28
  source text: Item 1.01 Entry into a Material Definitive Agreement. As previously disclosed in the Current Report on Form 8-K filed by Golden Matrix Group, Inc. (the “ Company ”, “ Golden Matrix ”, “ we ” and “ us ”) with the Securities and Exchange Commission on January 12, 2023 (the “ January 2023 Current Report ”), we entered into a Sale and Purchase Agreement of Share Capital (the “ Original Purchase Agreement ”) with Aleksandar Milovanovic, Zoran Milosevic and Snezana Bozovic (collectively, the “ Sellers ”), the owners of Meridian Tech Društvo Sa Ograničenom Odgovornošću Beograd, a private limited company formed and registered in and under the laws of the Republic of Serbia; Društvo Sa Ograničenom Odgovornošću “Meridianbet” Društvo Za Proizvodnju, Promet Roba I Usluga, Export Import Podgorica, a private limited company formed and registered in and under the laws of Montenegro; Meridian Gaming Holdings Ltd., a company formed and registered in the Republic of Malta; and Meridian Gaming (Cy) Ltd,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437925/000147793223004933/0001477932-23-004933-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.