Meridian Holdings Inc./NV reported the first quarter ended March 31, 2026 results: revenue $50.1 million, net income $2.2 million, EPS $0.18 per diluted share.
“Meridian Holdings Reports Q1 2026 Financial Results Revenue Up 17% Year-Over-Year to $50.1 Million Returns to Profitability with Net Income of $2.2 Million Adjusted EBITDA Up 26% Year-Over-Year to $6.3 Million, Exceeding Guidance”
Earnings Releases
Meridian Holdings Inc./NV updated its the fourth quarter and full-year ended December 31, 2025 guidance (initiated).
“On March 31, 2026, Meridian Holdings Inc. (the “Company”, “we” and “us”) issued a press release disclosing its results of operations for the twelve-month period ended December 31, 2025.”
Governance Changes
Meridian Holdings Inc./NV: Changed company name to 'Meridian Holdings Inc.' (effective 2026-03-03).
“a Certificate of Amendment to the Company’s Articles of Incorporation, as amended, to affect the Name Change.”
Governance Changes
Meridian Holdings Inc./NV: Approved a 1-for-12 reverse stock split of common stock (effective 2026-03-03).
“On February 26, 2026, the Company filed both (a) a Certificate of Change with the Secretary of State of the State of Nevada (the “ Certificate of Change ”) to effectuate the Reverse Split of its Common Stock at a ratio of 1-for-12”
Listing & Compliance Notices
Meridian Holdings Inc./NV received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
“December 31, 2025, Golden Matrix Group, Inc. (the “ Company ”, “ we ” or “ us ”) received written notice (the “ Notification Letter ”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that it is not in compliance with the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid pr”
Governance Changes
Meridian Holdings Inc./NV: Amended Article V, Section 28(b) to grant the Chairperson power to suspend or postpone meetings of stockholders or Board within sole discretion, up to 30 days (effective 2025-12-02).
“was amended to provide that the Chairperson may, in his/her sole discretion, upon written notice to the Board, suspend or postpone any regular or special meeting of the stockholders or of the Board (if it has already commenced) or any specific agenda item at any such meeting to a future date within the Chairperson’s sole discretion, provided that such postponement is not more than 30 days following the meeting which was suspended or postponed.”
Governance Changes
Meridian Holdings Inc./NV: Amended Article XIII, Section 45 to provide that Section 45 itself may only be amended or repealed by vote or written consent of holders of a majority of outstanding shares (effective 2025-12-02).
“was amended to provide that Section 45 itself may only be amended or repealed by the vote or written consent of holders of a majority of the outstanding shares of the Company entitled to vote.”
Weiting ‘Cathy’ Feng resigned as Director at Meridian Holdings Inc./NV.
“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.”
Weiting ‘Cathy’ Feng changed role as Chief Financial Officer at Meridian Holdings Inc./NV.
“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.”
Richard Christensen was appointed as Chief Financial Officer at Meridian Holdings Inc./NV.
“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 ”).”
Snežana Božović was appointed as member of the Board of Directors at Meridian Holdings Inc./NV.
“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.”
Weiting (Cathy) Feng resigned as member of the Board at Meridian Holdings Inc./NV.
“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”
Weiting 'Cathy' Feng was appointed as Chief Financial Officer (Principal Accounting/Financial Officer) at Meridian Holdings Inc./NV.
“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.”
Omar Jimenez departed as Chief Financial Officer (Principal Financial/Accounting Officer) and Chief Compliance Officer at Meridian Holdings Inc./NV.
“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”
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