secwatch.observer — SEC 8-K summary
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Issuer:     Meridian Holdings Inc./NV (MRDN)
CIK:        0001437925
Form:       8-K
Filed at:   2024-07-03T23:59:59+00:00
Accession:  0001477932-24-004070
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Golden Matrix secures $10M net funding from Lind Partners via convertible note and warrants
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- Issued $12M convertible note to Lind Global; net proceeds $10M after 20% original issue discount.
- Note requires 20 monthly payments of $600k starting within 135 days; conversion price $4.00 per share.
- Warrant to purchase 750k shares at $4.00/share, exercisable for 5 years.
- Proceeds will fund strategic acquisitions and strengthen financial position.
- Collateral includes security interest in company assets and pledge of subsidiary equity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437925/000147793224004070/0001477932-24-004070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437925/000147793224004070/gmgi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-004070

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