Golden Matrix restructures $7M deferred consideration via stock & convertible note; raises exec pay

Meridian Holdings Inc./NV

Restructured $7M deferred consideration: $4M into 1,333,333 shares at $3.00/share; $3M convertible note due Dec 2025.
Convertible note: 15% discount to 30-day VWAP or $3.00 (floor $2.00); $2M callable before Jan 1, 2025; 12% default interest.
Milovanović stake increases to ~58.9% after share issuance; note could add up to 1.5M more shares if converted.
CEO salary raised to $396K; COO to $216K; Meridian CEO Milosevic $396K + quarterly stock option; 18-month severance.
Non-executive board monthly comp increased from $5K to $7.5K, effective June 1, 2024.

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