Golden Matrix Group (GMGI) has issued an update.
Golden Matrix Group, Inc. has successfully completed the acquisition of the entire Meridian Companies, with the transaction formally closing on April 9, 2024. In connection with the acquisition, the company issued shares and paid cash to the sellers, alongside a commitment to additional future payments and promissory notes. The deal also prompted internal corporate changes including the resignation and appointment of board members, amendments to the company’s Articles of Incorporation, and a shift in the fiscal year-end to align with that of the acquired companies. The acquisition is expected to significantly impact Golden Matrix’s market position and future operations.
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