Golden Matrix Group (NASDAQ: GMGI) adopts $3M stock buyback plan

Rhea-AI Filing Summary

Golden Matrix Group, Inc. has authorized a share repurchase program for up to $3 million of its outstanding common stock. The Board approved the program on December 15, 2025, with an expected end date of December 15, 2026, unless it is extended, completed earlier once the $3 million limit is reached, or discontinued.

The company may buy back shares from time to time in the open market, through negotiated transactions, or by other methods that comply with federal securities laws, including Rule 10b-18, and may also use a Rule 10b5-1 plan. Repurchases will be made at management’s discretion at prices it considers attractive and in the best interests of the company and its stockholders. The program can be suspended, modified, or terminated at any time and does not obligate Golden Matrix to repurchase any specific number of shares. It is expected to be funded from the company’s working capital.

Insights

Equity capital allocation analyst

Golden Matrix authorizes a discretionary $3M share repurchase using working capital.

Golden Matrix Group has approved a share repurchase program of up to $3 million in common stock, running through December 15, 2026 unless extended or ended earlier. Repurchases may occur via open-market purchases, negotiated deals, or other methods permitted under Rule 10b-18, and may also be executed under a Rule 10b5-1 plan.

The company states that purchases will be made at management’s discretion when prices are viewed as attractive and in the interests of both the company and its stockholders. The program is explicitly flexible: it may be suspended, modified, or terminated at any time, and there is no commitment to repurchase any particular number or value of shares.

Funding is expected to come from existing working capital, so any actual buybacks will reflect management’s trade-off between returning capital to shareholders and other uses such as investment or maintaining liquidity. Future quarterly and annual reports on Form 10-Q and Form 10-K are expected to provide data on any repurchases completed under this authorization.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): December 15, 2025

GOLDEN MATRIX GROUP, INC.

(Exact name of registrant as specified in its charter)

Nevada		001-41326		46-1814729
(State or other jurisdiction of incorporation or organization)		(Commission file number)		(IRS Employer Identification No.)

3651 Lindell Road, Suite D131

Las Vegas, NV 89103

(Address of principal executive offices)(zip code)

Registrant’s telephone number, including area code: (702) 318-7548

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.00001 Par Value Per Share		GMGI		The NASDAQ Stock Market LLC (The NASDAQ Capital Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐ 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01. Regulation FD Disclosure.

On December 16, 2025, Golden Matrix Group, Inc. (the “Company”) issued a press release disclosing the adoption of the repurchase program discussed below in Item 8.01, a copy of which is furnished hereto as Exhibit 99.1, which is incorporated by reference into this Item 7.01 in its entirety.

The information in this Item 7.01 of this Current Report on Form 8-K, including the information contained in Exhibit 99.1 is being furnished to the U.S. Securities and Exchange Commission, and shall not be deemed to be “filed” for the purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by a specific reference in such filing.

Item 8.01. Other Events.

On December 15, 2025, the Board of Directors of the Company authorized and approved a share repurchase program for up to $3 million of the currently outstanding shares of the Company’s common stock. Subject to any future extension in the discretion of the Board of Directors of the Company, the repurchase program is scheduled to expire on December 15, 2026, when a maximum of $3 million of the Company’s common stock has been repurchased, or when such program is discontinued by the Board of Directors.

Under the stock repurchase program, shares may be repurchased from time to time in the open market or through negotiated transactions at prevailing market rates, or by other means in accordance with federal securities laws, including Rule 10b-18 of the Securities Exchange Act of 1934 (the “Exchange Act”). Repurchases will be made at management’s discretion at prices management considers to be attractive and in the best interests of both the Company and its stockholders, subject to the availability of shares, general market conditions, cost of capital, the trading price of the common stock, alternative uses for capital, and the Company’s financial performance. Repurchases may also be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws.

The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to purchase any particular number of shares. There is no guarantee as to the exact number or value of shares that will be repurchased by the Company, if any.

The repurchase program is expected to be funded using the Company’s working capital.

Information regarding share repurchases will be available in the Company’s periodic reports on Form 10-Q and Form 10-K filed with the Securities and Exchange Commission as required by the applicable rules of the Exchange Act.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
99.1		Press Release dated December 16, 2025
104		Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)

Forward Looking Statements

This Current Report on Form 8-K and the press release attached as Exhibit 99.1 to this Current Report on Form 8-K, may contain forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). These forward-looking statements represent the Company’s current expectations or beliefs concerning future events and can generally be identified using statements that include words such as “estimate,” “expects,” “project,” “believe,” “anticipate,” “intend,” “plan,” “foresee,” “forecast,” “likely,” “will,” “target” or similar words or phrases. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of the Company’s control which could cause actual results to differ materially from the results expressed or implied in the forward-looking statements, including, but not limited to the amount, timing, and sources of funding for the repurchase program. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements, including, but not limited to, risks relating to the fact that common share repurchases may not be conducted in the timeframe or in the manner the Company expects, or at all. The Company undertakes no obligation to publicly update or revise any of the forward-looking statements, whether because of new information, future events or otherwise, made in the release or presentation or in any of its Securities and Exchange Commission (SEC) filings or public disclosures, except as provided by law. Consequently, you should not consider any such list to be a complete set of all potential risks and uncertainties. More information on potential factors that could affect the Company’s financial results is included from time to time in the “Forward-Looking Statements,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s periodic and current filings with the SEC, including the Form 10-Qs and Form 10-Ks, filed with the SEC and available at www.sec.gov. Forward-looking statements speak only as of the date they are made.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, hereunto duly authorized.

	GOLDEN MATRIX GROUP, INC.
Date: December 16, 2025	By:	/s/ Rich Christensen
		Rich Christensen
		Chief Financial Officer

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FAQ

What did Golden Matrix Group (GMGI) announce in this report?

Golden Matrix Group’s Board of Directors authorized a share repurchase program allowing the company to buy back up to $3 million of its outstanding common stock, subject to various conditions and management’s discretion.

How large is Golden Matrix Groups new share repurchase program?

The program permits the repurchase of up to $3 million of Golden Matrix Group’s currently outstanding common stock. There is no obligation to use the full amount.

How long will Golden Matrix Groups $3 million buyback program last?

Unless extended or ended earlier, the repurchase program is scheduled to expire on December 15, 2026, or sooner if up to $3 million of common stock has been repurchased or the Board discontinues the program.

How will Golden Matrix Group (GMGI) fund its share repurchases?

The company states that the repurchase program is expected to be funded using its working capital, meaning existing cash and resources available on its balance sheet.

By what methods can Golden Matrix Group repurchase its shares?

Golden Matrix Group may repurchase shares in the open market, through negotiated transactions, or by other methods consistent with federal securities laws, including Rule 10b-18. Repurchases may also be made under a Rule 10b5-1 plan.

Is Golden Matrix Group required to buy back a certain number of shares under this program?

No. The repurchase program does not obligate the company to purchase any particular number or value of shares. It may be suspended, terminated, or modified at any time based on factors such as market conditions, liquidity, and alternative investment opportunities.

Where will investors see details of any share repurchases by Golden Matrix Group?

Information about share repurchases under this program will be provided in the company’s Form 10-Q and Form 10-K periodic reports filed with the U.S. Securities and Exchange Commission.