Highest-materiality recent filing
Net income of $2.2M ($0.18 diluted EPS) vs. loss of $0.3M in prior year; adjusted EBITDA $6.3M, above $6.1M guidance.
Meridian Holdings reports record FY2025 revenue $182.9M, net loss $92M on $91.8M impairment
Q4 revenue $49.6M (+8% YoY); FY revenue $182.9M (+21% YoY).
Meridian Holdings regains Nasdaq minimum bid price compliance after 1-for-12 reverse split
Received Nasdaq deficiency notice Dec 31, 2025 for bid price below $1.00 for 34 consecutive days.
Golden Matrix Group announces 1-for-12 reverse stock split and name change to Meridian Holdings Inc.
Reverse stock split at 1-for-12 ratio, effective March 3, 2026; outstanding shares reduced from ~151.7M to ~12.6M.
Reverse stock split at 1-for-12 ratio; outstanding shares reduce from 151,692,749 to ~12.6 million.
Golden Matrix appoints William Scott as President, Rich Christensen as Treasurer
Effective Feb 19, 2026, William Scott added President role; remains Executive Chairman.
Golden Matrix receives Nasdaq delisting notice for bid price below $1.00 per share
Received Nasdaq deficiency notice on Dec 31, 2025 for failing minimum bid price of $1.00 for 34 consecutive business days.
Golden Matrix appoints Atul Bali to board; McChesney resigns
Thomas McChesney resigned as director and committee member on Dec 12, 2025.
Golden Matrix director McChesney resigns; receives $60K separation payment
Thomas E. McChesney resigned from the Board and all committees effective Dec 12, 2025.
Golden Matrix authorizes up to $3M stock repurchase program through Dec 2026
Board authorized repurchase of up to $3.0M of common stock; program expires Dec 15, 2026.
Golden Matrix CEO Goodman resigns effective Dec 12, $951k severance; Scott named interim CEO
CEO Anthony Brian Goodman resigned December 12, 2025 under a severance agreement with $951,750 total payment.
Majority stockholder Aleksandar Milovanović, holding 93,328,294 common shares and 850 Series C Preferred (6,375,000 votes), unilaterally adopted two bylaw amendments on Dec 2, 2025.
GMGI CEO Anthony Brian Goodman to resign Dec 12; William Scott named Interim CEO
CEO departure: Goodman receives $951,750 severance (18 months salary + 2025 bonus), $46,792 vacation, and immediate RSU vesting of 300,000 shares.
Golden Matrix CEO Brian Goodman to retire Dec 12; Chairman William Scott named interim CEO
Brian Goodman steps down as CEO and board member effective December 12, 2025.
Golden Matrix converts $8M acquisition consideration to equity, extends $1.1M payment by one year
Entered Ninth Amendment converting $8,000,000 of post-closing cash consideration into 8,000,000 shares of common stock at $1.00 per share.
Golden Matrix Q3 rev $47.3M (+15% YoY); net income $0.4M; FY guidance $186-187M
Q3 revenue $47.3M, up 15% YoY; net income $0.4M vs. loss $3.3M in Q3 2024; GAAP EPS $0.00.
Golden Matrix converts $500K of post-closing consideration to common stock for MeridianBet seller
$500K of $10M 18-month post-closing cash consideration owed to Milovanović converted into GMGI common stock.
Seventh Amendment confirms $9.75M of 12-month and $100.7K of 18-month deferred cash already paid.
Golden Matrix Q2 revenue +10% to $43.2M, net loss $3.6M, Adj EBITDA -37%
Total revenue $43.2M (+9.6% YoY), net loss $3.6M ($0.03 EPS), adjusted EBITDA $3.4M (-37% YoY).
Golden Matrix Q1 rev up 72% to $42.7M; eliminates $9.6M debt, expands in Brazil/Nigeria
Revenue $42.7M (+72% YoY); gross profit $24.2M (57% margin); net loss $0.3M (0¢/share) vs $4.5M loss year ago.
Golden Matrix repays $7.2M Lind Global convertible note early; no dilution
Prepaid $7.2M remaining balance of $12M Lind Global note using cash on hand; eliminates debt.
Golden Matrix converts $9.57M Meridianbet acquisition debt to equity; issuers 4.9M shares
Meridianbet founders converted $9,570,460 of acquisition debt into 4,906,326 shares of GMGI common stock.
Golden Matrix reports record FY2024 revenue $151M (+63%), guides Q1 2025 up 80%
Q4 revenue $46M (+81% YoY); FY revenue $151M (+63% YoY); gross profit FY $89M (+30%).
Golden Matrix appoints Richard Christensen as CFO; reduces automatic equity plan share increase
Richard Christensen named CFO effective after FY2024 10-K filing; Cathy Feng remains COO.
Golden Matrix converts $1.165M debt to equity, issues 647K shares at $1.80
Converted $1,165,358 of contingent cash consideration from Meridian acquisition into 647,422 restricted shares at $1.80/share.
Weiting (Cathy) Feng resigns as director effective July 25, 2025 or upon appointment of new CFO; remains COO.
Golden Matrix grants 840k RSUs and $840k cash bonuses to execs and directors, performance-vested
CEO Anthony Goodman and subsidiary CEO Zoran Milošević each receive 300k RSUs and $300k contingent cash bonus tied to 2025 revenue/AEBITDA targets.
Golden Matrix guides FY 2024 revenue of $150M, up 61% YoY
Preliminary FY 2024 consolidated revenue of $150M, compared to $93M in FY 2023 (61% YoY increase).
Golden Matrix subsidiary Meridianbet secures online betting license in Brazil
Meridianbet obtained Authorization SPA/MF nº 2.104-45 for sports betting and iGaming in Brazil.
Golden Matrix resumes stock buyback with $4.958M remaining; CEO cites strong cash position
Board-authorized program allows open-market or private repurchases; $4.958 million available as of Dec 20, 2024.
Golden Matrix Group enters $20M ATM equity distribution agreement with Craig-Hallum
Company may sell up to $20M of common stock at-the-market through Craig-Hallum as sales agent.
Golden Matrix Q3 revenue up 85% to $41M; YTD revenue $105.3M (+55%)
Q3 2024 revenue $41.0M (85% YoY increase); YTD revenue $105.3M (+55%).
GMGI amends $12M convertible note; partial stock payment, extended market cap covenant
Amendment to $12M senior secured convertible note with Lind Global on Oct 30, 2024.
Golden Matrix issues 5M contingent shares to former Meridian owners
Issued 5,000,000 restricted shares to sellers Milovanović, Milošević, and Božović.
Golden Matrix Group annual meeting elects all director nominees, ratifies auditor
Anthony Brian Goodman, Weiting 'Cathy' Feng, Thomas E. McChesney, Murray G. Smith elected as directors with ~120M votes each.
Golden Matrix amends Meridian acquisition terms, converts $2.125M contingent cash to equity
Fifth Amendment to Purchase Agreement allows GMGI to accelerate issuance of 5M Contingent Post-Closing Shares (valued at $15M).
Meridianbet online casino revenue hits all-time high, surpassing 2024 monthly average by 13%.
Golden Matrix CFO Omar Jimenez departs; COO Cathy Feng appointed as CFO
Effective Sept 9, 2024, Omar Jimenez mutually terminated as CFO and Chief Compliance Officer.
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.
Golden Matrix to acquire 80% of Classics for a Cause for ~$8.4M total consideration
Acquisition price ~$8.4M (incl. earnout); 70% cash, 30% restricted GMGI shares.
Golden Matrix Q2 revenue rises 75% to $39.4M; cash on hand tops $40M
Q2 consolidated revenue $39.4M (+75% YoY); H1 revenue $64.3M (+41% YoY).
Golden Matrix authorizes up to $5M share repurchase program expiring July 2025
Board approved up to $5.0M in open-market or negotiated repurchases of GMGI common stock.
Golden Matrix reports record Q2 revenue >$39M; MeridianBet acquisition shows strong early results
Preliminary Q2 2024 revenue exceeds $39M, a record for the combined company post-MeridianBet acquisition.
Golden Matrix secures $10M net funding from Lind Partners via convertible note and warrants
Issued $12M convertible note to Lind Global; net proceeds $10M after 20% original issue discount.
Golden Matrix subsidiary awarded Peru sports betting & iGaming license by MINCETUR
Meridianbet subsidiary granted sports betting & iGaming license in Peru by MINCETUR (License #3321-2024-MINCETUR/VMT/DGJCMT).
Golden Matrix restructures $7M deferred consideration via stock & convertible note; raises exec pay
Restructured $7M deferred consideration: $4M into 1,333,333 shares at $3.00/share; $3M convertible note due Dec 2025.
Meridianbet received Bookmaker, Bookmaker Premises, and Manufacturer licenses from Western Cape Gambling and Racing Board.
Golden Matrix updates next periodic report timing to 10-Q due Aug 14, 2024 after acquisition
Fiscal year changed from Oct 31 to Dec 31; next report is Form 10-Q for quarter ended June 30, 2024.
Golden Matrix files Meridianbet audited FY2023: revenue $92.99M, net income $13.70M
Meridianbet Group generated $92.99M revenue in FY2023, up 24% YoY from $74.93M.
Golden Matrix pro forma revenue $137M in 2023 post Meridianbet acquisition, 57% gross margin
Combined FY2023 pro forma revenue of $137.17M, gross margin 56.95%.
Weiting ‘Cathy’ Feng, the Chief Financial Officer (Principal Financial/Accounting Officer), Chief Operating Officer and a Director of the Company of the Company, has agreed to step down as Chief Financial Officer (Principal Financial/Accounting Officer) effective the day after the Filing Date.
As previously disclosed, Ms. Feng also provided her resignation as a member of the Board of Directors on January 25, 2025, effective upon the earlier of (a) 8:00 a.m. Pacific Standard Time on the date that is six months from the date of the Resignation Letter (July 25, 2025); and (b) the date and time that Board of Directors of the Company appoints a Chief Financial Officer, and as such, Ms. Feng’s resignation date as a member of the Board of Directors will also be the day after the Filing Date.
On March 5, 2025, the Board of Directors of Golden Matrix Group, Inc. (the “ Company ”, “ we ” and “ us ”), appointed Richard Christensen as the Chief Financial Officer (Principal Accounting/Financial Officer) of the Company (the “ Appointment ”), which Appointment is effective on the day following the day that the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, is filed with the Securities and Exchange Commission (SEC)(the “ Filing Date ”).
On January 25, 2025, Weiting (Cathy) Feng, a member of the Board and the Chief Financial Officer and Chief Operating Officer of the Company, tendered her resignation to the Company as a member of the Board
Effective on January 29, 2025, immediately following the amendment to the Bylaws discussed below in Item 5.03 , and at the request of the holders of the Company’s Series C Preferred Stock shares (i.e., the Sellers), and as one of the two Series C Preferred Stock designees allowed pursuant to terms of the Company’s Series C Preferred Stock (with Mr. William Scott being the other), as described in greater detail in the April 9, 2024 Form 8-K, the Board of Directors increased the number of members of the Board of Directors from five (5) to six (6) and appointed Snežana Božović, one of the Sellers, and the Secretary of Meridian Bet Group, as a member of the Board of Directors of the Company.
On September 9, 2024, and effective on September 9, 2024, the Board of Directors appointed Weiting ‘Cathy’ Feng, the Company’s Chief Operating Officer and director, as Chief Financial Officer (Principal Accounting/Financial Officer) of the Company, to fill the vacancy left by Mr. Jimenez’s departure.
Effective on September 9, 2024, Mr. Omar Jimenez and Golden Matrix Group, Inc. (the “ Company ”, “ we ” and “ us ”) agreed to mutually terminate the services of Mr. Jimenez as Chief Financial Officer (Principal Financial/Accounting Officer) and Chief Compliance Officer of the Company, effective the same date
Max materiality 0.85 · Median 0.65 · Most common event other_material