Golden Matrix Group, Inc. (Nasdaq: GMGI) filed a Rule 424(b)(5) prospectus supplement establishing an at-the-market (ATM) program that allows the company to sell up to US$13.0 million of common stock through Craig-Hallum Capital Group LLC. The supplement sits under an existing Equity Distribution Agreement that authorizes sales of up to US$20 million; to date, only 332,166 shares for US$609,376 have been issued, leaving US$19.39 million in total capacity, though Form S-3 “baby-shelf” limits reduce the immediate ceiling to US$13.0 million.
Craig-Hallum will act as sales agent or principal and is entitled to a 3.0 % commission on gross proceeds. Sales will be conducted as “at-the-market offerings” under Rule 415, with no minimum draw, escrow, or specific closing requirements, giving the company significant tactical flexibility. The shares will be offered at prevailing market prices; on 24 June 2025 GMGI last traded at US$1.75.
As of the same date, GMGI’s public float was approximately US$41.6 million (138.86 million shares outstanding, 117.95 million held by affiliates). Under General Instruction I.B.6, the company may not sell more than one-third of its public float within any 12-month period while float remains below US$75 million; after deducting prior ATM usage, this caps new issuance at roughly US$13.26 million, aligning with the size of this prospectus.
The supplement reiterates standard risk disclosures, underwriter indemnification commitments, and the absence of regulatory approval. Net proceeds will be applied as described in the “Use of Proceeds” section (not detailed here). Investors should consider potential dilution, market-pressure effects, and the “Risk Factors” referenced from GMGI’s 10-K and 10-Q filings.