Meridian Holdings Inc./NV (MRDN): M&A transaction — Golden Matrix completes acquisition of 80% of Australia's Classics Holdings; consideration includes cash and stock

Meridian Holdings Inc./NV

Acquired 80% of Classics Holdings Co. Pty Ltd, an Australian company, for 810,390 GMGI shares and AU$6.78M (approx US$4.41M) in cash.
Additional consideration: AU$33,808 for net assets, up to AU$500,000 holdback cash, and earnout payments.
Shares issued in private placement under Section 4(a)(2) and Rule 506; restricted securities.
Deal closed on August 21, 2024; originally disclosed on August 20, 2024.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

Meridian Holdings Inc./NV completed an acquisition involving Classics Holdings Co. Pty Ltd., NJF Exercise Physiologists Pty Ltd and Think Tank Enterprises Pty Ltd (closed 2024-08-21).

Action: acquisition
Counterparty: Classics Holdings Co. Pty Ltd., NJF Exercise Physiologists Pty Ltd and Think Tank Enterprises Pty Ltd
Closing: 2024-08-21

Exact text from the filing

The transactions contemplated by the Exchange Agreement closed on August 21, 2024.

View on SEC.gov

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Meridian Holdings Inc./NV filing history →

Source: SEC EDGAR

accession 0001477932-24-005293

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