Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
An announcement from Golden Matrix Group (GMGI) is now available.
Golden Matrix Group, Inc. has completed its acquisition of 100% of the Meridian Companies by settling part of the deferred cash consideration through a mix of common stock issuance and a convertible promissory note. The company amended its initial agreement, issuing $4 million of deferred cash as common stock and converting the remaining $3 million into a promissory note with favorable terms for the seller, Aleksandar Milovanović, who now holds a 58.9% ownership. This strategic move consolidates Golden Matrix’s position in the gaming sector while optimizing its financial structure for future growth.
For an in-depth examination of GMGI stock, go to TipRanks’ Stock Analysis page.
