Golden Matrix to acquire 80% of Classics for a Cause for ~$8.4M total consideration

Meridian Holdings Inc./NV

Acquisition price ~$8.4M (incl. earnout); 70% cash, 30% restricted GMGI shares.
CFAC generated $10M+ revenue and $1.9M+ operating profit before tax in FY2024.
CFAC has 300K+ customers, 10K+ active monthly subscribers; recurring subs >30% of revenue.
Founder Thomas Bailey to remain as executive; GMGI gets call option on remaining 20%.
Transaction expected to close within days; effective date Aug 1, 2024.

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