secwatch.observer — SEC 8-K summary
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Issuer:     Meridian Holdings Inc./NV (MRDN)
CIK:        0001437925
Form:       8-K
Filed at:   2025-09-12T23:59:59+00:00
Accession:  0001477932-25-006671
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Golden Matrix converts $500K of post-closing consideration to common stock for MeridianBet seller
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- $500K of $10M 18-month post-closing cash consideration owed to Milovanović converted into GMGI common stock.
- First two tranches: $100K @ $1.23/share (83,300 shares) and $100K @ $1.02/share (98,039 shares) issued as of Sept 9, 2025.
- Three remaining weekly $100K tranches scheduled for Sept 12, 19, 26 at prevailing closing prices.
- Remaining $9.3M of 18-month consideration still due to all sellers on or before Oct 9, 2025.
- Issuance exempt from registration under Section 4(a)(2)/Reg D; Milovanović is >5% holder and board member.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437925/000147793225006671/0001477932-25-006671-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437925/000147793225006671/gmgi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-25-006671

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