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.
