Meridian Holdings Inc SEC Filings

Meridian Holdings Inc./NV insider activity: Anthony Brian Goodman, a greater-than-10% holder, reported open-market sales of a total of 7,506 shares of Common Stock across four transactions between March 11 and March 16, 2026, at prices generally around $9–$10 per share. The transactions include multiple trades within price ranges noted in the footnotes. Following these sales, Goodman reports direct ownership of 598,367 Common Stock shares, with the shares held through Luxor Capital LLC, which is wholly-owned by him.

Meridian Holdings Inc., formerly Golden Matrix Group, approved a 1-for-12 reverse stock split and a corporate name change to better reflect its role as holding company for MeridianBet Group. Both actions became effective on March 3, 2026.

The reverse split is intended to help the company meet Nasdaq’s minimum $1.00 per share bid price requirement for continued listing. Authorized common shares were reduced from 300 million to 25 million and issued and outstanding shares from 151.7 million to 12.6 million, with fractional shares cashed out.

The company’s Nasdaq ticker changed from GMGI to MRDN, and a new CUSIP was assigned. Options, warrants and preferred stock conversion ratios were adjusted proportionately so that shareholder ownership percentages and voting power remain essentially unchanged.

Golden Matrix Group is implementing a 1-for-12 reverse stock split of its common stock and changing its name to Meridian Holdings Inc. to support compliance with Nasdaq’s minimum bid price rule and reposition its capital structure.

The split, name change and new ticker “MRDN” are expected to become effective at 12:01 AM ET on March 3, 2026, with trading on a split-adjusted basis beginning that day. Issued and outstanding common shares will be reduced from 151,692,749 to 12,641,062, and authorized common shares will decrease from 300,000,000 to 25,000,000, without changing par value.

All shareholders will be affected proportionally, preserving ownership percentages and voting power, aside from cash paid in lieu of fractional shares. Equity awards, plan reserves and warrants will be adjusted to reflect the new share count, and no action is required for most brokerage or book-entry holders.

Golden Matrix Group, Inc. updated its leadership structure. The Board confirmed Executive Chairman and Interim Chief Executive Officer William Scott as President of the company, effective February 19, 2026. Chief Financial Officer Rich Christensen was also appointed Treasurer on the same date, consolidating his financial responsibilities.

The company states that Mr. Scott and Mr. Christensen are not party to any other material arrangements tied to these roles, beyond existing indemnification agreements, a nominating and voting agreement related to Series C Preferred Stock, and Mr. Christensen’s employment agreement as previously described in the company’s proxy materials. The filing also confirms there are no family relationships between either executive and other directors or officers.

Golden Matrix Group reported that board member Thomas E. McChesney resigned from the Board of Directors and all committee roles, effective December 12, 2025. He previously served on the Audit and Nominating and Corporate Governance Committees and chaired the Compensation Committee.

Under a Director Separation Agreement, the company paid Mr. McChesney $60,000 in cash for past board service and in lieu of 2025 board incentive compensation he was eligible to earn, and all of his unvested restricted stock units were forfeited. The agreement includes mutual release, confidentiality, and non-disparagement provisions.

The company stated that his resignation did not result from any dispute or disagreement with management, the Board, or company policies. The Board has begun a process to identify candidates to fill his vacancy and the independent director vacancy created when William Scott became Interim Chief Executive Officer, and plans to appoint new independent directors as soon as practicable.

Golden Matrix Group, Inc. reporting person Anthony Brian Goodman, a director, former CEO and more than 10% owner, disclosed several equity transactions in December 2025. He sold 50,000 shares of common stock on December 8 at prices ranging from $0.72 to $0.82 per share and another 50,000 shares on December 15 at prices ranging from $0.78 to $0.83 per share, all under a Rule 10b5-1 trading plan.

On December 12, 2025, 300,000 restricted stock units held by Mr. Goodman vested in full upon his resignation as an officer and director under a Severance and Release Agreement and were settled in shares of common stock. That same day, he converted 1,000 shares of Series B Voting Preferred Stock into 1,000,000 shares of common stock in accordance with the optional conversion terms. Following these transactions, he continued to beneficially own substantial common stock directly and through his wholly owned Luxor Capital LLC.

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.

Golden Matrix Group reported that former Chief Executive Officer Anthony Brian Goodman’s employment ended effective December 12, 2025 under a previously signed Severance and Release Agreement. The agreement provides a severance payment of $951,750, including $537,327 placed in escrow, of which $300,000 was released on December 12 and the remaining $237,327 is expected to be released shortly.

As of that date, Mr. Goodman resigned from all roles with the company and its subsidiaries, including President, Chief Executive Officer, Principal Executive Officer, Secretary, Treasurer, and director. Executive Chairman William Scott has been appointed Interim Chief Executive Officer and Principal Executive Officer, and the board has begun a process to identify a new independent director to fill the vacancy created by his move into management.

Golden Matrix Group (GMGI) insider update: Meridian Tech D.O.O. reported the vesting and settlement of 9,375 restricted stock units into common stock on November 9, 2025 (Code M). Following the transaction, the reporting person beneficially owns 4,556,144 common shares directly and holds 46,875 RSUs.

The RSUs vest at a rate of 1/8 every six months from the grant date of May 9, 2024, subject to continued service. Remarks note a Nominating and Voting Agreement dated January 29, 2025, under which parties may be deemed a group that, in aggregate, holds more than 10% of GMGI common stock.

Golden Matrix Group (GMGI) amended its MeridianBet acquisition terms and adjusted related payments. The company and the sellers executed a Ninth Amendment under which $8,000,000 of non‑contingent post‑closing cash consideration owed to Aleksandar Milovanović was converted into 8,000,000 shares of common stock at $1.00 per share, with the shares in process of issuance. The due date for the remaining $1,099,672 owed to the sellers was extended to October 9, 2026.

The company reported these as unregistered issuances under Section 4(a)(2)/Rule 506 of Regulation D. Separately, minority interest holders of Meridian Gaming Ltd. converted $24,000 into 18,606 common shares at $1.29 per share.

At the 2025 annual meeting, stockholders elected three directors and Series C holders elected two Series C directors. Say‑on‑pay was approved with 123,452,449.85 votes for, and the auditor appointment passed with 125,508,630.85 votes for.