secwatch.observer — SEC 8-K summary
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Issuer:     Meridian Holdings Inc./NV (MRDN)
CIK:        0001437925
Form:       8-K
Filed at:   2024-04-09T23:59:59+00:00
Accession:  0001477932-24-001928
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 2.01, 5.03, 2.03, 3.02, 3.03, 5.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Golden Matrix closes acquisition of Meridian Companies for $12M cash, stock, and notes
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- Acquired 100% of Meridian Companies effective April 1, 2024, closing on April 9, 2024
- Issued 82,141,857 common shares, 1,000 Series C preferred shares, and $15M promissory notes to sellers
- Deferred $18M cash payable by April 26, 2024, with 3% annual interest if unpaid
- Sellers now hold 67% voting control; former CEO Goodman lost majority control
- Appointed William Scott as director and chairman; Philip Moyes resigned as director

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437925/000147793224001928/0001477932-24-001928-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437925/000147793224001928/gmgi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-001928

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer