secwatch.observer — SEC 8-K summary
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Issuer:     Meridian Holdings Inc./NV (MRDN)
CIK:        0001437925
Form:       8-K
Filed at:   2024-10-02T23:59:59+00:00
Accession:  0001477932-24-006129
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Golden Matrix amends Meridian acquisition terms, converts $2.125M contingent cash to equity
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437925/000147793224006129/0001477932-24-006129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437925/000147793224006129/gmgi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-006129

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer