debt
confidence high
sentiment neutral
materiality 0.45
Meridian extends $15.1M insider promissory notes and $625,672 purchase payment to Nov 2031; names new CAO
Meridian Holdings Inc./NV
- Tenth Amendment confirms $10M 12-month and $9,374,328 of the $10M 18-month MeridianBet post-closing consideration paid (cash or stock) as of Sept 24, 2026.
- Second Notes Amendment extends the $15.125M promissory notes ($13.25M Milovanović, $1.25M Milošević, $625K Božović) from Nov 9, 2026 to Nov 1, 2031 and removes 7% interest accrual.
- Remaining $625,672 of 18-month MeridianBet consideration is due Nov 1, 2031 and bears no interest, payable earlier at the Company's discretion.
- Zhe 'Scott' Yan promoted to Chief Accounting Officer, Principal Financial Officer and Principal Accounting Officer effective Oct 2, 2026; William Scott remains President, CFO and Chairman.
- Yan will receive A$280,000 per year; Milošević's base salary cut from $396,000 to $216,000 effective Jan 1, 2026, and the annual 10% raise and stock-payment option were removed.