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.

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