---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-24-005151"
form_type: "8-K"
ticker: "MRDN"
cik: "0001437925"
company_name: "Meridian Holdings Inc./NV"
filed_at: "2024-08-20T23:59:59+00:00"
generated_at: "2026-05-31T08:26:54.931240+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001477932-24-005151
- form_type: 8-K
- ticker: MRDN
- cik: 0001437925
- company_name: Meridian Holdings Inc./NV
- filed_at: 2024-08-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437925/000147793224005151/0001477932-24-005151-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437925/000147793224005151/gmgi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-005151
- JSON: https://secwatch.observer/filing/0001477932-24-005151.json
- Plain text: https://secwatch.observer/filing/0001477932-24-005151.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.