secwatch.observer — SEC 8-K summary
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Issuer:     Meridian Holdings Inc./NV (MRDN)
CIK:        0001437925
Form:       8-K
Filed at:   2023-06-30T23:59:59+00:00
Accession:  0001477932-23-004933
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437925/000147793223004933/0001477932-23-004933-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437925/000147793223004933/gmgi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-004933

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