Global Matrix Group (NASDAQ: GMGI) Appoints Mr William Scott to Build on Success and Accelerate Growth

Rhea-AI Summary

Golden Matrix Group (NASDAQ: GMGI) announced a planned leadership transition on December 8, 2025: CEO Brian Goodman will step down effective December 12, 2025 (or earlier if agreed) and Chairman William Scott will become Interim CEO.

William Scott will also chair the Board committee conducting the search for a permanent CEO and said his near-term priorities are performance, operational optimization, and continued value creation. The company described its position as a diversified, profitable, NASDAQ-listed international gaming group with recurring revenue and expansion into regulated markets.

Positive

• Experienced interim CEO: William Scott brings global gaming and regulated-markets experience
• Board-led CEO search: Chairing the committee increases governance oversight
• Strategic position: Company described as diversified, profitable, and built on recurring revenue

Negative

• Leadership transition creates near-term uncertainty until a permanent CEO is appointed
• Interim period may delay execution while the Board conducts a CEO search

Key Figures

Q3 2025 Revenue $47,316,308 Quarter ended September 30, 2025

Q3 2024 Revenue $40,992,329 Prior-year quarter comparison

Q3 2025 Net Income $566,014 Net income attributable to GMGI; diluted EPS $0.00

YTD 2025 Revenue $133,284,729 Nine months ended September 30, 2025

YTD 2025 Net Loss $3,249,939 Net loss attributable to GMGI year-to-date

Cash Balance $22,042,638 As of September 30, 2025

Total Assets $209,775,592 As of September 30, 2025

Shares Outstanding 141,237,872 As of October 30, 2025

Market Reality Check

$0.7967 Last Close

Volume Volume 58,791 vs 20-day average 213,515, indicating relatively light trading ahead of this announcement. low

Technical Shares at 0.7967 trade below the 200-day MA (1.5) and about 69.36% under the 52-week high, while roughly 10.64% above the 52-week low.

Peers on Argus

Peers in Electronic Gaming & Multimedia showed mixed moves: MYPS +1.09%, SKLZ +0.36%, while GDEV -5.99% and GAME -2.06%. With no momentum flags and GMGI trading near its 52-week low, the setup appears more company-specific than a broad sector rotation.

Regulatory & Risk Context

Active S-3 Shelf Registration 2025-06-20

The company has an effective S-3/A shelf registration dated 2025-06-20, expiring on 2028-06-20, with at least one related prospectus supplement filed on 2025-06-26. This provides flexibility for future registered securities offerings, subject to market conditions and corporate decisions.

Market Pulse Summary

This announcement details a planned CEO transition as Golden Matrix moves into its next phase of strategic execution. It follows Q3 revenue of $47.3M, positive quarterly net income, and continued integration of the MeridianBet acquisition. With shares trading below the 200-day MA and well under the 52-week high, investors may watch leadership execution, capital allocation under the existing shelf registration, and future operating trends closely.

Key Terms

restricted stock units financial

"reported the vesting and settlement of 9,375 restricted stock units into common"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Regulation D regulatory

"unregistered issuances under Section 4(a)(2)/Rule 506 of Regulation D"

Regulation D is a set of rules that govern how companies can raise money from investors without going through the full process required for public stock offerings. It provides simplified options for private placements, making it easier for companies to seek investments from a smaller group of investors. For investors, it offers opportunities to invest in private companies, often with fewer restrictions, but also with different levels of risk and disclosure.

reverse merger financial

"highlighted the April 2024 MeridianBet acquisition, accounted for as a reverse merger"

A reverse merger is when a private company becomes publicly traded by combining with an already listed public shell company, allowing the private business to gain a stock market listing without going through a traditional IPO. Investors care because this shortcut can be faster and cheaper than an IPO but often comes with less regulatory vetting and market visibility, so it can mean higher uncertainty about valuation, financial transparency, and future liquidity.

non-GAAP financial

"The company references non-GAAP financial measures; reconciliations to comparable"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

diluted EPS financial

"net income attributable to GMGI was $566,014 (diluted EPS $0.00)"

Diluted earnings per share (EPS) shows how much profit a company makes for each share of stock, assuming all possible shares from stock options or convertible securities are used. It provides a more conservative estimate than basic EPS, accounting for potential share increases that could dilute ownership. Investors use diluted EPS to get a clearer picture of a company's true profitability on a per-share basis.

Form 4 regulatory

"Golden Matrix Group (GMGI) filed a Form 4 reporting an open‑market purchase"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

10-Q regulatory

""[10-Q] Golden Matrix Group, Inc. Quarterly Earnings Report""

A 10-Q is a company’s required quarterly filing with U.S. regulators that provides updated financial statements, management discussion of results, and disclosures about risks, legal matters and operational changes. Think of it as a quarterly report card and progress update that lets investors track recent performance, spot trends or warning signs between annual reports, and make informed buy/sell decisions based on the latest verified financial and business information.

AI-generated analysis. Not financial advice.

Golden Matrix Group Announces the Retirement of CEO Brian Goodman, Appointment of William Scott as CEO and Launch of Next Phase of Strategic Execution

LAS VEGAS, NV - December 8, 2025, Golden Matrix Group Inc. (NASDAQ: GMGI) (the "Company" and "Golden Matrix"), a global provider of online gaming platforms, content, and technology, today announced a planned leadership transition that aligns with the Company's next phase of strategic execution and operational scale.

Mr. Brian Goodman has agreed to step down as Chief Executive Officer and member of the Board of Directors of the Company effective December 12, 2025, unless an earlier date is agreed between Mr. Goodman and the Company. Mr. William Scott, Chairman of the Board and a globally recognized gaming executive, will take over as Interim Chief Executive Officer. Mr. Scott will also Chair the Board Committee responsible for appointing the Company's next Chief Executive Officer.

During his tenure, Mr. Goodman guided Golden Matrix through a period of significant transformation, shifting from a micro-cap operator to a diversified, NASDAQ-listed international gaming group. Under his leadership, the Company expanded into multiple regulated markets, built a portfolio of scalable B2B and B2C platforms, and established a business model built on recurring revenue and disciplined growth.

"Golden Matrix is built on solid ground - diversified, profitable, and prepared to scale," said William Scott, Interim CEO and Chairman. "Brian laid the foundation. Our next chapter is about execution, scale and consistent performance. With strong fundamentals, global reach, and disciplined execution, we believe we are positioned to outperform the market and deliver exceptional long-term value for our shareholders."

Mr Scott brings extensive experience in global gaming and regulated markets. He previously held senior executive roles at GTECH/Lottomatica where he played a leading role in that company's evolution from a lottery-focused business into a broader international gaming group.

As interim CEO, while leading the permanent CEO search, he will prioritize performance, operational optimization and continued value creation for shareholders. Golden Matrix is committed to innovation, compliance, and delivering consistent results in a dynamic industry landscape.

Attachment

• GMGI Appoints New CEO

FAQ

Who will be interim CEO of Golden Matrix Group (GMGI) after December 12, 2025?

Chairman William Scott will serve as Interim CEO effective December 12, 2025 (or earlier if agreed).

When does current CEO Brian Goodman step down from GMGI?

Brian Goodman will step down as CEO and board member effective December 12, 2025, unless an earlier date is agreed.

What are William Scott’s priorities as interim CEO of GMGI?

He will prioritize performance, operational optimization, and continued value creation for shareholders.

Will William Scott lead the search for GMGI’s next permanent CEO?

Yes; William Scott will chair the Board committee responsible for appointing the company’s next CEO.

How did Golden Matrix describe its business position in the announcement?

The company described itself as a diversified, profitable, NASDAQ-listed international gaming group with recurring revenue and operations in regulated markets.