other material
confidence high
sentiment neutral
materiality 0.65
Golden Matrix amends Meridian acquisition terms, converts $2.125M contingent cash to equity
Meridian Holdings Inc./NV
- Fifth Amendment to Purchase Agreement allows GMGI to accelerate issuance of 5M Contingent Post-Closing Shares (valued at $15M).
- Milovanović converts $2M contingent cash into 1M shares at $2.00/share; other sellers convert $125K total at $2.30/share.
- Remaining contingent cash payable: $2.625M deferred to at least Nov 9 for Milovanović; Milosevic gets $50K/mo x3; Božović $50K/mo x2.
- On Sept 4, Milovanović converted $2M of a deferred convertible promissory note into 1M shares of common stock.
- All equity issuances are exempt from SEC registration under Section 4(a)(2) and Rule 506, no underwriters involved.